September 2019 | Steel Raw Materials
Premiums for 65% Fe iron ore fines over the 62% Fe benchmark fell to a 39-month low last week: Latest Analysis
Bearish sentiment for the seaborne metallurgical coal market was also prevailing among delegates at the Coaltrans Japan conference, which took place in Tokyo on September 17-18.
Premiums for 65% Fe iron ore fines over the 62% Fe benchmark fell to a 39-month low last week, although prices increased across the range for the second consecutive week. Despite some widening in steelmakers operating margins over recent weeks, accumulating stocks of finished steel and a sharp drop in residential building starts in China since June weigh on finished steel markets, among...
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