Dalian iron ore was set on Friday for its steepest weekly drop in 17 months, as China’s intensified drive to lower steel output prompts mills to start cutting production to avoid sanctions. The steelmaking raw material’s most-active September contract on China’s Dalian Commodity Exchange was down 2% at 1,124 yuan ($173.60) a tonne by 0700 …
The post Dalian iron ore sees worst week in 17 months on China steel curbs first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John