24
May
15:34
Iron ore drops to 6-month low
Seaborne iron ore prices broke a nearly six-month low, as the Chinese steel market hit its bottom in the past seven months.
The Kallanish KORE 62% and 65% Fe indices slumped by $4.78/tonne and $8.87/t respectively on Wednesday to $101/dry metric tonne cfr Qingdao and $110.56/dmt cfr. Meanwhile, the KORE 58% Fe index reached $0.54/t lower to $96.13/dmt cfr.
170,000t of PB fines were sold at $100.6/t with shipment between 27 June and 6 July, and…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous