16
Apr
01:00
Iron ore gains slightly despite need to cut capacity
Seaborne iron ore prices gained on Thursday, tipping over the $50/tonne mark for the first time since March. The increase came despite the fact the new capacity from Vale and FMG’s lower production costs undermine fundamentals, Kallanish notes.
The Kallanish index for 62% Fe Australian fines rose by $1.48 to land just under the $50 mark at $49.92/dry metric ton cfr Qingdao. Three fixed price deals on the globalOre platform confirmed prices at their new…
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Anonymous
Very good overview of the weekly steel market.
Anonymous