23
Nov
16:54
Iron ore corrects down as NDRC targets market
The seaborne iron ore market fell back on Thursday, as the National Development and Reform Commission (NDRC) once again released signals it could crack down on iron ore as rumoured.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined by $0.04/t and $0.1/t respectively to $134.03/dry metric tonne cfr Qingdao and $145.75/dmt cfr. The KORE 58% Fe index, meanwhile, was $1.13/t lower at $124.98/dmt cfr. 85,000t of BRBF were sold at $134.4/t with a laycan…
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Anonymous
Very good overview of the weekly steel market.
Anonymous