03
Nov
16:03
Iron ore gains but demand weakens
The rise in seaborne iron ore prices on Thursday continued to reflect Chinese policy support, but steel mills have announced substantial production cuts, weakening demand.
The Kallanish KORE 62% Fe index gained $0.46/tonne on Thursday to $82.71/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.44/t higher at $93.05/dmt cfr, and the KORE 58% Fe index rebounded $0.31/t to $71.01/dmt cfr.
On the Dalian Commodity Excha…
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Anonymous
Very good overview of the weekly steel market.
Anonymous