STEEL WEEK IN BRIEF: Iron ore prices near $78, trade policy, rising steel prices...

Metal Bulletin reviews the major stories affecting the steel market over the past week.

Prices for steelmaking raw materials continued at high levels.
Metal Bulletin’s 62% Fe Iron Ore Index surged to almost $78 per tonne cfr China on Friday August 18 amid a sharp increase in the futures market ahead of the weekend. This is the highest level since April 6, when iron ore prices reached $80.92 per tonne cfr. 
Prices for seaborne coking coal sold to China have risen in the spot market following a series of transactions.
Metal Bulletin’s cfr China Premium Hard Coking Coal Index rose $5.67 per tonne to $201.06 per tonne on Friday, while the hard coking coal index gained $4.67 per tonne to $183.73 per tonne.
And the robust margins seen by Chinese steel mills have been the steady factors supporting seaborne coking coal prices over the past two months, according to market participants.

Turkish steel...

Published

Ana Paula Camargo

August 18, 2017

23:02 GMT

São Paulo