19
Jun
05:03
Iron ore gains as Asian miners target Vale
Seaborne iron ore prices strengthened further on Friday as Chinese steel prices stabilised. Brazil’s Vale meanwhile is reportedly in talks to sell a minority stake in its iron ore assets to Asian miners.
The Kallanish index for 62% Fe Australian fines increased by $0.38/t to $49.22/dry metric ton cfr Qingdao. There were no new deals confirmed on Friday but 170,000 tonnes of PB fines sold in tender on Thursday at $50.11/t with a laycan in 4-13 July.
Vale…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous