20
Aug
15:28
Iron ore looks to real estate stimulus
Seaborne iron ore futures extended gains on Tuesday, as the steel market saw the sentiment improve this week. Spot prices however were undercut by deals made.
The Kallanish KORE 62% Fe index and KORE 65% Fe index declined by $0.72/t and $0.69/t, respectively, to $95.25/dry metric tonne cfr Qingdao and $109.6/dmt cfr. The KORE 58% Fe index, meanwhile, was $1.75/t lower at $82.26/dmt cfr.
On public platforms, two deals of 90,000 tonnes Mac Fines were sold at $88.8/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous