15
Jul
16:24
Iron ore firms as BHP turns to LNG
Seaborne iron ore prices gained on Monday alongside steel prices despite weak GDP data. BHP, meanwhile, is turning to LNG to meet new shipping pollution rules.
The Kallanish KORE 62% Fe index gained $1.59/t to $119.05/dry metric tonne cfr Qingdao. On COREX, 190,000t of Carajas fines sold at a floating price. On the Dalian Commodity Exchange September iron ore settled up CNY 9.5/t at CNY 884/t ($128.52/t), while on the Singapore Exchange August 62% Fe f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous