Tag archives: CC

FIS Weekly Ferrous Report – profit takers loom as iron ore holds at high level

Ferrous Sector Money Flow: DCE iron ore saw significant money flow in the market and rebounded after a few weeks of consolidation. However during the Asian morning Tuesday iron ore stuck in an RMB 5-7 range again. DCE iron ore index created a gold cross on Monday near-oversold area. The high of the September contract …

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Iron ore uneasy over China weather, steel demand

Iron ore futures rebounded modestly on Tuesday as investors remained concerned over China’s steel demand. Rebar led the way for the rebound in Asia as investors became concerned over the latest environmental curbs in Tangshan which may lead to temporarily closure of many blast furnaces and sintered machines in the area.   Iron ore failed …

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