21
Feb
14:16
Iron ore drifts as Vale counts lost output
Seaborne iron ore prices have continued to drift despite some pick-up in platform trading. While the impact of the Vale outages is still being assessed, prices should now be driven by steel demand and mill restocking.
The Kallanish KORE 62% Fe index slipped $0.36/tonne to $87.10/dry metric ton cfr Qingdao. On COREX, 170,000 tonnes of Carajas fines sold at $99.8/t after shipment on 2 February. 170,000t of PB fines and 87,970t of PMC also sold on the platform…
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Anonymous
Very good overview of the weekly steel market.
Anonymous