17
Apr
15:59
Iron ore drops on production cut aftershock
Seaborne iron ore prices were struggling to fall as the market has yet to recover from demand being hit by production cuts at Chinese steel mills.
The Kallanish KORE 62% Fe index lost $0.73/tonne on Monday to $119.86/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index declined $0.71/t at $134.87/dmt cfr, and the KORE 58% Fe index reached $0.54/t lower at $110.39/dmt cfr. 90,000 tonnes of JMBF fines were sold at a floating pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous