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05 May
01:00

Iron ore, steel rebound on output control

Iron ore prices saw another rebound on Monday after news that Vale may restrict iron ore cargos emerged late Friday. Steel prices too rebounded despite increasing signs that demand was weak and exports may lose their competitive edge. The Kallanish index for 62% Fe Australian fines recovered almost $2/tonne to $56.46/dry metric tonne cfr Qingdao on 5 May. Three fixed price deals were confirmed on the GlobalOre platform, all cfr Qingdao for June delivery. 100…
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