09
Nov
14:59
Iron ore breaks $70/t as Roy Hill ramps up
Seaborne iron ore prices continued to be supported by the surge in coking coal and Chinese steel futures on Wednesday. High prices are coming at a great time for Roy Hill, which is continuing to ramp up production.
The Kallanish index for 62% Fe Australian fines increased $3.01/t to $70.10/dry metric ton cfr Qingdao, the highest level since January 2015. Carajas fines traded on globalORE at $83.25/t, alongside a floating price cargo of MNP and Yandi. P…
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Anonymous
Very good overview of the weekly steel market.
Anonymous