14
Dec
14:52
Iron ore gains with improving confidence
Seaborne iron ore prices surged on Wednesday on improving sentiment. Morgan Stanley raised its forecast for China's GDP growth in 2023 to 5.4% from its previous outlook of 5% due to China's post-Covid reopening.
The Kallanish KORE 62% Fe index gained $3.47/t on Wednesday to $114.08/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $3.55/t higher at $127.17/dmt cfr, and the KORE 58% Fe index increased $3.56/t to $99.…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous