29
Apr
17:21
Iron ore declines, scrap faces short supply
Seaborne iron ore prices continued to fall, as steel mills slowed their purchases before the Labour Day holiday.
The Kallanish KORE 62% Fe index fell $1.04/tonne to $186/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index slipped $0.71/t to $220.22/dmt cfr, but the KORE 58% Fe index inched $1.86/t higher to $170.16/dmt cfr. A cargo of 80,000 tonnes of JMBF fines for June shipment sold at floating prices.
On the Dalian Commodity Exchange September i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous