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Spot Iron Ore Price to China Slumped on Steel Dipped
Aug. 21, 2009 01:27AM PST
Base Metals Investing
The cash price for Australian iron ore delivered to China, the world’s leading purchaser, slumped 9.3 percent after Chinese steel prices dipped.
Mark Pervan, senior commodity strategist at Australia & New Zealand Banking Group Ltd., stated:
The steel market is overheated.
For full story, click here
The cash price for Australian iron ore delivered to China, the world’s leading purchaser, slumped 9.3 percent after Chinese steel prices dipped.
Mark Pervan, senior commodity strategist at Australia & New Zealand Banking Group Ltd., stated:
The steel market is overheated.
For full story, click here
