Iron Ore and Steel Market Updates – Australia Anti-Dumping Commission start to investigate on imported colored steel belt from China and Vietnam. The investigation period from April 1st,2019 – March 31st, 2020. – MySteel Rebar Inventory: Rebar production 3.94 million tonnes, up 0.63% w-o-w. Mills inventory 3.05 million tonnes, up 1.38% w-o-w. Circulation inventory 8.03 …
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Steel on the march as Brazil supply, port stocks fall
Iron ore futures soared on Monday on supply-side concerns as major producer Brazil becomes a global hotspot for coronavirus. The country has now close to a quarter of a million cases, the four largest total case count, and a death of over 16,000. According to shipping activity models by Westpac, supply from Brazil has fallen …
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