15
Aug
15:39
Iron ore drops amid market pessimism
Seaborne iron ore prices continued their downward trajectory as market pessimism spreads. The recovery in market confidence from reduced steel inventories has been undermined by the ongoing weakness in the real estate sector.
The Kallanish KORE 62% Fe index and KORE 65% Fe index lost by $2.26/t and $2.37/t to $94.14/dry metric tonne cfr Qingdao and $108.84/dmt cfr, respectively. The KORE 58% Fe index, meanwhile, was $1.68/t lower at $81.56/dmt cfr.
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Anonymous
Very good overview of the weekly steel market.
Anonymous