12
Aug
16:19
Iron ore declines on power blackout notice
Seaborne iron ore prices dropped on Friday as inventories continue to accumulate. Tight power supply is said to be again resulting in steel industry production control measures.
The Kallanish KORE 62% Fe index lost $0.66/t on Friday to $110.02/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.85/t lower to $122.74/dmt cfr, and the KORE 58% Fe index declined $1.09/t to $99.52/dmt cfr. 90,000 tonnes Mac fines were booked a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous