19
Jan
15:31
Iron ore declines under demand pressure
Seaborne iron ore prices last week were disturbed by macroeconomic sentiment. Prices were slowly recovering after a sharp decline in the Chinese stock market.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined $0.34/t and $0.3/t respectively on Friday to $131.25/dry metric tonne cfr Qingdao and $143.04/dmt cfr. The KORE 58% Fe index meanwhile dropped $0.28/t to $117.81/dmt cfr. 90,000 tonnes of Newman Fines were sold at $129.2/t with a laycan of 21…
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Anonymous
Very good overview of the weekly steel market.
Anonymous