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08 Aug
15:35

Iron ore gains as Chinese mills resume production

Seaborne iron ore prices on Monday retained the strength seen last Friday, despite data showing increased July imports. Market expectations are being driven by steel mills' production restarts gathering pace. The Kallanish KORE 62% Fe index gained $1.06/t to $108.16/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $1.28/t higher to $119.71/dmt cfr, and the KORE 58% Fe index remained almost stable with a $0.06…
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