07
Aug
16:29
Iron ore drops, market needs patience
Seaborne iron ore prices fell on Monday amid disturbance from rumours. The steel market is still waiting patiently for the implementation of production restrictions.
The Kallanish KORE 62% Fe index declined by $1.03/tonne on Monday to $104.52/dry metric tonne cfr Qingdao, but the KORE 65% Fe index gained $0.92/t to $117.36/dmt cfr. Meanwhile, the KORE 58% Fe index lost $1.27/t to $96.84/dmt cfr.
90,000 tonnes of Mac fines and 170,000t of BRBF fines were sold…
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Anonymous
Very good overview of the weekly steel market.
Anonymous