02
Nov
17:47
Iron ore gains despite some production cuts
The seaborne iron ore market reached highs again on Thursday. This was despite some mills halting production on pollution and weak margins.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained by $1.17/t and $1.24/t respectively to $126.86/dry metric tonne cfr Qingdao and $135.69/dmt cfr respectively. The KORE 58% Fe index meanwhile rose $1.3/t to $117.07/dmt cfr. 90,000t of Newman fines sold at $126.3/t with a laycan of 26 November and 5 December.
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Anonymous
Very good overview of the weekly steel market.
Anonymous