08
Jul
17:15
Iron ore declines, mills warn of risks
Seaborne iron ore prices remained in decline on Friday on weak market sentiment. Several steel mills in China have issued warnings of an impending long-term industry downturn, trying to put pressure on raw material prices.
The Kallanish KORE 62% Fe index lost $1.71/t to $112.89/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was down $1.78/t to $126.55/dmt cfr, and the KORE 58% Fe index declined $1.19/t to $101.22/dmt cfr. 85,000 tonne…
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Anonymous
Very good overview of the weekly steel market.
Anonymous