28
Feb
15:53
Iron ore drops during Chinese meeting
Seaborne iron ore prices tumbled on Tuesday as forward contracts slipped, but futures markets got a kick out of a meeting in China.
The Kallanish KORE 62% Fe index lost $3.85/t on Tuesday to $124.05/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was also $4.14/t lower at $138.64/dmt cfr, and the KORE 58% Fe index declined $3.23/t to $111.36/dmt cfr. 170,000t of PB fines were sold at a floating price with a laycan between 30 …
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Anonymous
Very good overview of the weekly steel market.
Anonymous