27
Oct
16:16
Iron ore gains despite Tangshan restrictions
The seaborne iron ore market rebounded again on Friday and reached a new high for the past ten days. This was even as iron ore futures saw trading volumes restricted and Hebei announced production limits.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index rose by $2.56/t and $2.58/t respectively to $121.58/dry metric tonne cfr Qingdao and $130.9/dmt cfr. The KORE 58% Fe index meanwhile gained by $1.7/t to $110.15/dmt cfr.
170,000t of PB fines were sold at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous