The Loop: Russia expands war aims, China establishes minerals giant, UK leadership race narrows, and pair arrested over $2.4m wine heist - 21-Jul-2022
Here's your TL;DR for this morning's news.
Source: nzcity.co.nz
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Over-optimism among China steel-makers behind iron ore's plunge
Margins at Chinese steel mills have plunged below zero.
Source: moneyweb.co.za
Over-optimism among China steelmakers behind iron ore's price plunge
Iron ore lost almost a quarter of its value in a dizzying eight-day plunge through Monday.
Source: mining.com
Dalian coking coal, coke retreat after record rally | Hellenic Shipping News Worldwide
Chinese coking coal and coke futures fell on Friday, pulling back from record highs scaled a session earlier, although the steelmaking ingredients were set for more than 10% weekly gains. Coking coal DJMcv1 on China’s Dalian Commodity Exchange ended daytime trading 1.8% lower at 2,523 yuan ($389.25) a tonne after a seven-session rally. Coke DCJcv1 ...
Source: hellenicshippingnews.com
Reprieve in fall of iron ore price is only temporary
A sharp rise in the price of iron ore in the last few days is set to prove temporary, with forecasters still expecting the price to consolidate through the end of the year.
Source: afr.com