11
Jan
00:00
Iron ore drops below $70/t again
Iron ore prices dropped below $70/tonne again on Friday as sentiment continued to weaken. Chinese steel futures prices also softened as the end of the week confirmed the reversal of the late-December rally, Kallanish notes.
The Kallanish index for 62% Fe Australian fines fell to $69.83/dry metric tonne cfr Qingdao on Friday from $70.74/dmt the previous day and from $71.91/dmt on 31 December. The fall was triggered by a decline in sentimen…
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Anonymous
Very good overview of the weekly steel market.
Anonymous