27
Jan
15:37
Iron ore futures take a hit
Despite China being on National holiday, the uncertainty surrounding the potential economic effect of the coronavirus adversely affected the iron ore futures market in Singapore on Monday.
The Kallanish KORE 62% Fe index slipped back sharply by $2.62/tonne to $91.41/dry metric ton cfr Qingdao. On the Singapore Exchange 62% Fe futures for February fell back heavily by $5.84/t to $85.19/t. Chinese exchanges were closed for the Spring Festival period. Billet prices …
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Anonymous
Very good overview of the weekly steel market.
Anonymous