29
Jun
17:13
Iron ore declines, China travel easing lifts sentiment
Seaborne iron ore prices declined slightly on Wednesday. The steel market has stabilised but the pace of production cuts by steel mills has not slowed, meaning iron ore port inventories are likely to increase.
The Kallanish KORE 62% Fe index lost $0.29/t to $126.24/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was down $0.26/t to $143.94/dmt cfr, but the KORE 58% Fe index recovered $0.27/t to $117.45/dmt cfr.
On the Dalian Commodity Exch…
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Anonymous
Very good overview of the weekly steel market.
Anonymous