28
Dec
18:18
Iron ore drops, property market faces negative outlook
Seaborne iron ore prices fell on Thursday, with international investment banks predicting that China's real estate market will remain sluggish.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index both declined, by $3.27/t and $3.35/t, respectively, on Thursday to $137.68/dry metric tonne cfr Qingdao and $148.87/dmt cfr. The KORE 58% Fe index was $1.99/t lower at $128.12/dmt cfr. An 80,000-tonne order of JMBF fines was booked at a floating price with ship…
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Anonymous
Very good overview of the weekly steel market.
Anonymous