13
Oct
15:04
Iron ore fights with weak steel market
The seaborne iron ore market remains relatively strong, even as China's steel market disappoints. Iron ore traders are also still pushing up iron ore prices by locking in seaborne iron ore transactions.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $0.99/t but rose $0.04/t respectively on Friday to $117.76/dry metric tonne cfr Qingdao and $127.11/dmt cfr. The KORE 58% Fe index meanwhile declined by $0.6/t to $103/dmt cfr.
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Anonymous
Very good overview of the weekly steel market.
Anonymous