12
May
04:01
Iron ore gains as ANZ predicts strength
Seaborne iron ore prices rallied on Friday on the back of higher Chinese steel futures prices. Analysts are becoming less bearish as China’s steel demand and output continue to outperform, with ANZ becoming more typical of the pack.
The Kallanish index for 62% Fe Australian fines gained $1.06/tonne to $67.19/dry metric ton cfr Qingdao. Two 170,000-tonne cargos of PB fines sold in tender. The first sold at $65.89/t with a laycan in 27 May-5 June, while…
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Anonymous
Very good overview of the weekly steel market.
Anonymous