09
Jan
06:07
Iron ore slumps as FMG contracts builder
Seaborne iron ore prices slumped on Thursday as Chinese steel futures cooled. NRW Holdings' newly acquired BGC Contracting has meanwhile signed an agreement with Fortescue Metals Group to build infrastructure for FMG's Eliwana mine.
The Kallanish KORE 62% Fe index dropped $2.16/t to $92.69/dry metric tonne cfr Qingdao. On COREX a combined cargo of 100,000t of PB fines and 70,000t of PB Lump sold at a floating price. On the Dalian Commodity Exchange May iro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous