24
Apr
15:29
Iron ore extends drop with more production cuts
Seaborne iron ore prices followed the plunge in the futures market since last Friday, and the large-scale production cuts by Chinese steel mills kept market sentiment at a low point.
The Kallanish KORE 62% Fe index lost $1.58/tonne on Monday to $115.29/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index declined $1.63/t at $130.3/dmt cfr, and the KORE 58% Fe index reached $0.48/t lower at $107.71/dmt cfr.
On the Dalian…
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Anonymous
Very good overview of the weekly steel market.
Anonymous