17
Jul
15:55
Iron ore drops despite higher H1 steel output
Seaborne iron ore prices slipped on Monday after a strong end to last week.
The Kallanish KORE 62% and 65% Fe indices declined by $0.52/tonne and $0.69/t respectively on Monday to $114.96/dry metric tonne cfr Qingdao and $128.38/dmt cfr. Meanwhile, the KORE 58% Fe index gained $0.68/t to $101.37/dmt cfr.
90,000t of Newman fines and 100,000t of Mac fines were each sold at $115/t and $112.3/t with a laycan of 1-10 August, and 6-15 August.
On the Dalian C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous