Category archives: Products

Daily FerrousPhysical Review Nov23rd

Ferrous Market – Steelbank Inventory: construction steel inventories 3.92 million tonnes, down 12.67% w-o-w. HRC 1.58 million tonnes, down 8.68%. – Tangshan 8 mills average pig iron pre-tax cost 2446 yuan/tonne, billet after-tax cost 3181 yuan/tonne, up 2 yuan/tonne. Gross profit 449 yuan/tonne, up 48 yuan from last week. – Peru Mining statistic indicated iron ore September production at …

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European Close 20/11/20

Iron ore had been looking vulnerable earlier in the week with the daily candles for the last 3 day’s closing higher but lacking any real momentum with the candles producing small bodies.   The technical aspect of the market looks like it could exhaust soon; however, rising steel prices, a small easing in the stockpiles and …

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