South African market tightens, Colombian supply risks eyed

摘要

Richards Bay prices climbed over the past two weeks on increased buying from Indian sponge iron makers, and tightness in the prompt window, with prices rising towards $60.00/t FOB. In Europe, the market remains well supplied, but that market too could tighten if workers at Cerrejón go ahead with a strike over pay and conditions and Prodeco remains closed while it appeals a government decision preventing it from suspending operations for four years.