27
Nov
16:22
Iron ore falls, NDRC extends restrictions
The seaborne iron ore market has been curbed by the continued concerns of China's National Development and Reform Commission (NDRC). Prices fell as risk aversion increased.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined by $0.87/t and $0.9/t respectively to $132.98/dry metric tonne cfr Qingdao and $144.71/dmt cfr. The KORE 58% Fe index, meanwhile, was $1.2/t lower at $123.68/dmt cfr.
Three deals for 170,000t of PB fines each wer…
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Anonymous
Very good overview of the weekly steel market.
Anonymous