Prices
October 24, 2013
Iron Ore and Scrap Futures: Busheling Higher – Ore Softens
Written by Bradley Clark
TSI Iron Ore: Market Soften As Rebar Slides
Iron ore prices have been fairly volatile over the past week as conflicting data and information coming out of China as moved the needle in opposite directions. The upshot to all of this intraday volatility is that prices remain fairly unchanged on a week-on-week basis. With rebar prices softening in China overnight iron ore has followed suit down to close about 1.3 percent down from yesterday’s close. The Q1 still is trading around $124 and Q2 $118 and Q3 at $115. Volumes remain very strong with millions of tons trading this week.
