11
Oct
16:09
Iron ore regains on demand outlook
The seaborne iron ore market rebounded on Wednesday as miners have positive expectations for demand from China.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $0.93/t and $0.98/t respectively on Wednesday to $116.95/dry metric tonne cfr Qingdao and $125.12/dmt cfr. The KORE 58% Fe index meanwhile shrunk by $4.68/t to $102.97/dmt cfr.
100,000t of Newman fines and the same volume of Carajas fines were sold at $116.8/t and 125.2/t for delivery…
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Anonymous
Very good overview of the weekly steel market.
Anonymous