14
Aug
15:25
Iron ore dips as Chinese market sinks
Seaborne iron ore prices plummeted to a one-year low on Wednesday, following a severe decline in China's steel market.
The Kallanish KORE 62% Fe index and KORE 65% Fe index lost by $1.94/t and $1.95/t to $96.41/dry metric tonne cfr Qingdao and $111.21/dmt cfr, respectively. The KORE 58% Fe index, meanwhile, was $2.36/t lower at $83.25/dmt cfr.
On public platforms, two deals of 90,000 tonnes of Mac Fines each were sold at $89.7/t and $89.5/t for shipment in Se…
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Anonymous
Very good overview of the weekly steel market.
Anonymous