13
Jan
15:33
Iron ore gains but Chinese steel slides
Seaborne iron ore prices gained on Monday, while steel futures fell. Warnings that oversupply will pressure steel markets were also positive for iron ore demand.
The Kallanish KORE 62% Fe index gained $1.99/tonne to $94.60/dry metric ton cfr Qingdao. 170,000 tonnes of Brazilian Blend sold at $96.2/t with a laycan in 17-26 February. On the Dalian Commodity Exchange May iron ore settled at CNY 657.5/t ($94.85/t), down CNY 2/t, while on the Singapore Exchange Februar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous