Chinese iron ore and steel futures fell sharply yesterday. Market sentiments weakened after China’s NDRC announced that it would bring coal prices back to a reasonable range and crack down on irregularities in the market.
Imported scrap prices into Turkey increased by $3/t in a recent deal.
Spot steel trading in central India continued to remain slow, as high offers resulted in a drop in prices.
The below sheet summarises confirmed trades/offers of iron and steel products collected by SteelMint to enable our users acquaint themselves with day-to-day trade dynamics.
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