30
Aug
16:10
Iron ore gains on more policy support
The seaborne iron ore market extended gains on Wednesday, even as prices in both the steel and coke markets were still facing volatility.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index rose by $2.46/tonne and $2.17/t respectively on Wednesday to $115.86/dry metric tonne cfr Qingdao and $127.77/dmt cfr. The KORE 58% Fe index gained $1.13/t to $99.78/dmt cfr. 90,000t of Mac fines were sold at $113.8/t with a laycan of 26 September to 5 October.
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Anonymous
Very good overview of the weekly steel market.
Anonymous