Steel Products
Final Thoughts
Written by John Packard
January 9, 2013
The one other area bearing watching is the spot iron ore market in China. Based on recent TSI numbers 62 percent Fe fines were referenced at $158.5/dmt as of January 8th. Over the past four weeks, 62 percent fines have risen by 27 percent and are almost double their fifty-two week lows of $86.7/dmt.
Our iron ore trader was out of the country with Chinese clients today. I hope to get more information about the iron ore spot market and what we can expect after the Chinese New Year. A number of analysts are forecasting a correction in ore prices (or a jump in steel prices).
I want to take this opportunity to welcome our newest members. If you have any questions about Steel Market Update please do not hesitate to contact our offices either by email: info@SteelMarketUpdate.com or by phone: 800-432-3475.
If you have a subject that you would like Steel Market Update to cover – or a suggestion on how we might be able to improve our product – please do not hesitate to contact us. I am also available should you wish to contact me personally. I can be reached at: John@SteelMarketUpdate.com
As always your business is truly appreciated.
John Packard
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