International Steel Mills
November 1, 2016
China Weekly Update: Steel, Iron Ore, Coking Coal
Written by John Packard
After already publishing the article below on our website for our members, we received a note from our primary Chinese price source advising us that prices rose in China today by approximately $61 per metric ton. We were told, “Price on 2.5mm [.0985″] is USD450/mt fob st. lsd. A lot of buyers did not cover their purchases with 1st Tier Integrated mills John and believe me those purchases will be cancelled.”
Here is our original article:
