08
Dec
10:43
Iron ore firm as Vale sees strong output
Seaborne iron ore prices were firm on Friday following a pick up in Chinese ferrous futures prices. Vale meanwhile has said it plans to produce an additional 10 million tonnes/year of iron ore next ear thanks to the ramp-up of S11D.
The Kallanish KORE 62% Fe index gained $0.24/tonne to $66.54/dry metric ton cfr Qingdao. On COREX,100,000 tonnes of FMG Super Special Fines sold at a floating price. On the Dalian Commodity Exchange May iron ore settled down CNY…
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Anonymous
Very good overview of the weekly steel market.
Anonymous