Subscribe to RSS feedBuying not yet proof of recovery : steelmakers
by
Obsidian
—
last modified
Feb 26, 2009 12:00 AM
IT IS too early yet to say whether renewed buying of iron ore from Brazil showed a resurgent demand for steel, say European steelmakers.
Capesize bulk carrier rates have more than doubled this month on some key iron ore shipping lanes, as medium-sized steel mills in China have restocked following shutdowns or slowdowns in the final quarter of last year.
This has tightened...
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