09
Oct
15:40
Iron ore struggles after Chinese holiday
The seaborne iron ore market did not strengthen as expected after China returned to the market following its Golden Week holiday. The weakness of the steel market meant buying was subdued.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $0.02/t but lost $0.41/t respectively on Monday to $118.82/dry metric tonne cfr Qingdao and $127.22/dmt cfr. The KORE 58% Fe index meanwhile surged by $1.91/t to $109.34/dmt cfr.
90,000 tonnes of Mac fines we…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous