23
Mar
14:20
Iron ore collapses while Vale shutters Malaysia
Seaborne iron ore prices slumped on Monday as global markets reacted to the worsening coronavirus outbreak. Vale meanwhile has decided to shut down its operations in Malaysia in response to measures being taken there to stop the spread of the virus.
The Kallanish KORE 62% Fe index slumped $6.82/tonne to $81.54/dry metric ton cfr Qingdao, the lowest point since 10 February. On the Dalian Commodity Exchange May iron ore settled at CNY 638.5/t ($90.50/t), down CNY 30…
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Anonymous
Very good overview of the weekly steel market.
Anonymous