08
Nov
16:20
Iron ore gains, central bank marks economic recovery
The seaborne iron ore market rebounded on Wednesday. Central bank governor Pan Gongsheng's speech at the 2023 Financial Street Forum pointing out that China's GDP recovery indicated that the economy continues to improve.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index rebounded on Wednesday by $1.89/t and $2.06/t respectively to $128.31/dry metric tonne cfr Qingdao and $137.5/dmt cfr. The KORE 58% Fe index meanwhile rose $0.24/t to $114.4/dmt cfr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous