Iron roe prices for June 4, 2019:
Spot up. Paper soft. Steel stable.
Things have calmed down on demand fears but don’t forget seasonality. Chinese demand is weak through mid-year as summer rains crimp construction:
If Brucutu does not return by July/August, and/or the trade war slowdown takes a breather, then it will be off to the races again as steel mills restock.
Latest posts by David Llewellyn-Smith (see all)
- T’was the Lunatic RBA that killed Holden - February 18, 2020
- Tokyo Government: Virus “may be spreading in the capital” - February 18, 2020
- Scotty from Marketing rebrands global climate effort - February 18, 2020