10
Mar
01:27
Fenix extends iron ore hedging cover
Australian iron ore producer Fenix Resources has confirmed new iron ore hedging contracts for 30,000 dry metric tonnes/month of iron ore from July 2023 through to December 2023 at a fixed price of AUD 171.17 ($113.14/t) per dmt, Kallanish notes.
Fenix’s hedging arrangements consist of iron ore swap contracts which are cash settled at the end of each month for an amount equivalent to the difference between the fixed price of the contracts and mont…
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Very good overview of the weekly steel market.
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