16
Jun
16:17
Economic supports drive iron ore prices higher
Seaborne iron ore prices reported more than a 4% increase last week as China sent signals of further economic support.
The Kallanish KORE 62% and 65% Fe indices rose by $0.88/tonne and $1.05/t respectively on Friday to $114.8/dry metric tonne cfr Qingdao and $125.98/dmt cfr. Meanwhile, the KORE 58% Fe index gained $0.68/t/t to $104.4/dmt cfr. 80,000 tonnes of JMBF fines were booked at a floating price with a laycan of 11-20 July, and 170,000t of PB fines…
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Anonymous
Very good overview of the weekly steel market.
Anonymous