31
May
16:09
Iron ore gains, PMI reaches year-low
Seaborne iron ore prices recovered Tuesday's losses on Wednesday, but weaker-than-expected manufacturing PMI data dampened market sentiment again.
The Kallanish KORE 62% and 65% Fe indices rebounded by $1.41/tonne and $1.54/t respectively on Wednesday to $102.61/dry metric tonne cfr Qingdao and $115.51/dmt cfr. Meanwhile, the KORE 58% Fe index rose by $2.85/t to $90.92/dmt cfr. 170,000 tonnes of PB fines were booked at $102.45/t w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous