05
Aug
15:24
Iron ore gains despite market panic
Seaborne iron ore prices rose slightly on Monday, despite a global stock market crash that triggered panic in financial markets.
The Kallanish KORE 62% Fe index and KORE 65% Fe index rose by $0.34/t and $0.31/t respectively to $104.55/dry metric tonne cfr Qingdao and $119.71/dmt cfr. The KORE 58% Fe index, meanwhile, was $0.77/t higher at $92.02/dmt cfr. On public platforms, 90,000 tonnes of MAC Fines were booked at $98.2/t for shipment in 1-10 September.
On the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous