Steel and iron-ore futures in China headed south on Friday amid weak winter demand, but both commodities were well on track to post their biggest annual gains on record after this year’s searing rally.
Strong futures helped lift spot iron-ore prices by more than 70% this year, putting the steelmaking raw material on course for its best year since at least 2008.
Source: www.engineeringnews.co.za
China steel, iron-ore slip on slow demand but headed for best year ever