21
Dec
15:13
Iron ore gains with firm Chinese demand
The seaborne iron ore market rose faster on Thursday as futures soared. Steel mills in Hebei province saw more production restrictions, but this has had a limited impact on iron ore market confidence.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index were boosted by $2.33/t and $2.26/t respectively to $137.29/dry metric tonne cfr Qingdao and $148.61/dmt cfr. The KORE 58% Fe index, meanwhile, was $4.93/t higher at $128.03/dmt cfr. 170,000 tonnes of PB Fines…
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Anonymous
Very good overview of the weekly steel market.
Anonymous