14
Apr
15:57
Iron ore drops, China to maintain steel output
Seaborne iron ore prices were down slightly on Friday. The voluntary reduction of production by Chinese steel mills is seen as a strategy to stimulate the market to rebound.
The Kallanish KORE 62% Fe index lost $0.11/tonne on Friday to $120.59/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index declined $0.05/t at $135.58/dmt cfr, and the KORE 58% Fe index reached $0.27/t lower at $110.93/dmt cfr.
On the Dalian Co…
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Anonymous
Very good overview of the weekly steel market.
Anonymous