Le Canada accorde 100 millions de dollars canadiens pour soutenir le transport intérieur de l'acier

Today, the iron ore futures moved steadily today. The most-traded DCE I2609 contract closed at 720.5 yuan/mt, up 0.14% from the previous session. Spot prices at Qingdao Port fell by 0–2 yuan/mt from the previous trading day. Traders mostly priced based on market conditions, while steel mills mainly procured on a rigid demand basis, leaving total spot volumes relatively low so far.

[India] Domestic steel and scrap prices have edged up slightly on Wednesday but demand remains subdued and buying interest is still limited. Several primary steel producers are under maintenance, reducing mill buying and raw-material consumption. Ship-breaking Melting scrap prices in Alang edged up 2.10USD/tonne on Monday to 346USD/tonne ex-yard (33,000INR/tonne). In northern Mandi Gobindgarh, HMS 1&2 (80:20) up by at 1.05USD/tonne (100 INR/tonne) to 353USD/tonne del Mandi consumer (33,700 INR/tonne). Meanwhile, In Southern, HMS 1&2 (80:20) remained flat to 325 USD/tonne del Chennai consumer (31,000 INR/tonne). Chennai sponge iron PDRI up by 2.10USD/tonne to 275USD/tonne del Chennai consumer (26,250 INR/tonne). Chennai rebar prices edged up to 490USD/tonne ex-works (46,700 INR/tonne). Monsoon conditions and weak construction activity are likely to keep demand soft in the coming week. Prices are expected to remain stable to slightly soft with limited downside and no major correction expected in the near term.

La Banque populaire de Chine a annoncé que, pour mieux répondre aux besoins de liquidité à court terme du système bancaire, elle mènera des opérations de prise en pension à un jour le 14 août et du 17 au 19 août, via un appel d'offres à taux fixe et à quantité prédéterminée, avec un volume opérationnel quotidien ne dépassant pas 600 milliards de yuans.