29
Jul
16:46
Iron ore declines on production limitation outlook
Seaborne iron ore prices ended a week of gains last Friday, as the National Development and Reform Commission's request for a reduction in crude steel production in the second half of the year has weakened expectations for iron ore demand.
The Kallanish KORE 62% Fe index lost $1.21/t on Friday to $116.75/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $1.13/t lower to $128.83/dmt cfr, and the KORE 58% Fe index declined $1.77/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous