18
Feb
14:39
Iron ore records small gain despite Vale fire
Seaborne iron ore prices picked up slightly again on Monday after Chinese steel futures increased rapidly. A fire at Vale’s Malaysian facility, however, is not expected to support iron ore prices significantly.
The Kallanish KORE 62% Fe index gained $0.35/t to $87.57/dry metric tonne cfr Qingdao. On the Dalian Commodity Exchange May iron ore settled up CNY 5.5/t at CNY 631/t ($93.09/t), while on the Singapore Exchange March 62% Fe futures settled…
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Anonymous
Very good overview of the weekly steel market.
Anonymous