10
Nov
15:12
Iron ore declines on prospect of cutbacks
Seaborne iron ore prices continued to fall on weaker markets on Thursday. US CPI data for October came in at below expectations, with traders believing this signals an inflection point for inflation.
The Kallanish KORE 62% Fe index lost $1.02/tonne on Thursday to $89.14/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.8/t lower at $100.11/dmt cfr, and the KORE 58% Fe index decreased $0.05/t to $76.84…
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Anonymous
Very good overview of the weekly steel market.
Anonymous