*Physical scrap reaches one-month high Another busy week on the physical front with the latest fixture completed by a Baltic based seller at levels $5 up from last done. The 35kt cargo included 29kt HMS 80:20 and 6kT bonus scrap, transacted at $265/t CFR and $275/t CFR respectively, with first-half August shipment. Scrap futures have …
Category archives: Ferrous
Steel & Scrap Morning Report
Iron Ore Offshore Aug 20 Morning Technical Comment – 240 Min Chart
DCE gains on better H2 outlook
Iron ore future rose for the second consecutive day on better market outlook on anticipation of improved steel demand after rainy season in China. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange continued the upward trend with gains of 1.14% or RMB 9.50 day-on-day to RMB 841.50 a tonne on Wednesday. …
