18
Dec
15:09
Iron ore drops as mills start restrictions
The seaborne iron ore market saw a pullback amid rumours of production cuts started by Chinese steel mills.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index each lost $1.13/t to $134.49/dry metric tonne cfr Qingdao and $146.02/dmt cfr respectively. The KORE 58% Fe index, meanwhile, was $0.51/t lower at $123.83/dmt cfr.
90,000 tonnes of Mac fines were booked at $132.6/t with a laycan of 11-20 January 2024, and 170,000t of BRBF fines concluded at $133.75/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous