China: No More Iron Man?
Source: MetalMiner IndX
Prices have been on a slide since the summer, most notably in recent weeks, in spite of continued high iron ore and other raw material costs maintaining pressure on steel makers’ margins. The slide in prices seems highest among basic materials like billet and less pronounced in products like CR coil and sheet sold more on contract and less on the spot market.Please read the complete article at MetalMiner.
Macrobusiness.com.au investigates the relationship on iron ore futures and swaps.