05
Dec
14:29
Iron ore firm as Vale shifts pellet pricing
Seaborne iron ore prices were firm again on Wednesday as Chinese steel markets continued to be talked higher. Vale meanwhile is preparing to shift its pellet pricing to a 65% Fe basis.
The Kallanish KORE 62% Fe index gained $0.64/tonne to $67.31/dry metric ton cfr Qingado. On globalORE, 80,000 tonnes of Yandi fines traded at a floating price for late December, while on COREX 90,000t of Jimblebar also traded at a floating price. On the Dalian Commodity Excha…
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Anonymous
Very good overview of the weekly steel market.
Anonymous