Iron ore price drops
Benchmark iron ore futures in China dropped on Friday, 06 July and recorded their fourth straight weekly fall. It is reported that if environmental-related production controls are to be implemented strictly, the market might have an oversupply of iron ore. China will have to cut steel output by more than 50 million tonnes in the final six months of this year to meet its carbon emissions targets.
Source: https://www.mining.com/iron-ore-price-drops-on-steel-output-control-worries/
This newsletter is for information purposes only.
Its contents do not constitute legal advice and it should not be regarded as a substitute for detailed advice in individual cases. Transmission of this information is not intended to create and receipt does not constitute a lawyer-client relationship between Charltons and the user or browser. Charltons is not responsible for any third party content which can be accessed through the website.
If you do not wish to receive this newsletter please let us know by emailing us at unsubscribe@charltonslaw.com