Chinese iron ore imports have seemed to add to evidence from a surging manufacturing index, rebounding steel prices and a spike in freight rates that China is back as the main driver for a commodities rally. For full story, click here
Singapore Exchange declared that it is launching the world’s first clearing facility for OTC iron ore swaps and will use The Steel Index iron ore reference prices for settlement. Steven Randall, Managing Director of TSI, stated: This is a landmark step in the development of price risk management tools for the iron ore sector. For [...]
The Indian Steel Price Index exhibited nominal correction on February 19th 2009. The Indian Long Product Price Index (ILPPI) improved by 17 points whereas the Indian Flat Product Price Index (IFPPI) remained unchanged. For full story, click here
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