14
Jul
01:00
Iron ore trades up, slightly, after Vale output cut
Seaborne iron ore prices trended upwards on Tuesday after Vale announced a cut in low-quality ore output on Monday. The overall outlook remains one of growing supply in the coming weeks however.
The Kallanish index for 62% Fe Australian fines upticked gently by $0.33 to $48.91/dry metric ton cfr Qingdao. A cargo of 110,000 tonnes of Carajas fines traded at $58.15/t for August delivery on globalORE, up $0.15/t from a similar deal on 9 July. Iron ore futures p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous