SCRAP AND RAW MATERIALS REVIEW

摘要

In contrast to domestic Chinese steel priceswhich have generally trended upwards,iron ore prices have been extremely volatilein March. In the first three weeks of themonth, they were as low as $51/dry mt CFRand as high as $64.20/dmt, jumping 20%in one day on March 7, according to Platts.There was frenzied spot trading on thisday but it had calmed right down again aweek later. Buyers of iron ore typically stepback when they consider iron ore pricesare too high, particularly when there is littleevidence of sustainable underlying demandfor steel in China.