30
Jan
16:00
Iron ore falls despite new property policies
Seaborne iron ore prices fell on Tuesday as futures weakened, even as China eased property purchase restrictions in more cities and announced building renovation projects.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $2.01/t and $1.71/t respectively on Tuesday to $135.6/dry metric tonne cfr Qingdao and $147.75/dmt cfr. The KORE 58% Fe index meanwhile declined by $0.75/t to $126.17/dmt cfr.
90,000t of Newman Fines were sold at $135/t with a layca…
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Anonymous
Very good overview of the weekly steel market.
Anonymous