Just a quick cut and paste....MB today
STEEL WEEK IN BRIEF: Slab prices down, ArcelorMittal's positive Q1, quiet iron ore market...
Metal Bulletin reviews the major stories affecting the steel market over the past week.
The seaborne iron ore market slowed down on Friday May 12 amid lower futures prices, after quite a few deals were concluded a day earlier. Metal Bulletin’s 62% Fe Iron Ore Index was $61.38 per tonne cfr Qingdao on Friday, up by $1 on a daily basis, but down by 25.16% month-on-month. In addition, Metal Bulletin analysis showed that oversupply concerns have emerged for mid-grade iron ore amid the Vale ramp-up.
Like the IO price...(not the 25%) thought it would have been hammered along with the futures....Platts will be different of course.
Just a quick cut and paste....MB today STEEL WEEK IN BRIEF: Slab...
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