Final Thoughts
April 21, 2016
Final Thoughts
Written by John Packard
Steel buyers need to be aware that there has been a jump in iron ore spot pricing in China over the past 48 hours. The Steel Index (TSI) reported 62% Fe fines into the port of Tianjin, China at $64.3/dmt (dry metric ton) up 4 percent from the previous day. This same item is up just over 10 percent over the past week.
Coming up soon is scrap and we see scrap prices at worst going sideways and more likely prices will rise by $10-$30 per gross ton depending on the item and region.
