03
Apr
15:54
Iron ore drops on pricing crackdown
Seaborne iron ore prices have ushered in another policy crackdown, following a brief recovery last week, which is expected to pave the way for a weak April.
The Kallanish KORE 62% Fe index lost $1.98/t on Monday to $123.74/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index decreased $2.08/t at $139.32/dmt cfr, and the KORE 58% Fe index reached $1.62/t lower at $113.8/dmt cfr.
On the Dalian Commodity Exchange (DCE), May&nbs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous