20
Dec
14:43
Iron ore gains with rising futures
Seaborne iron ore saw a rebound in the futures market on Wednesday, with steel mills' replenishment purchases providing support for prices.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $0.34/t and $0.16/t respectively to $134.96/dry metric tonne cfr Qingdao and $146.35/dmt cfr. The KORE 58% Fe index, meanwhile, was $0.44/t higher at $123.1/dmt cfr. 170,000 tonnes of PB fines and 80,000t of Newman fines were sold at $134.8/t and $133.8/t res…
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Anonymous
Very good overview of the weekly steel market.
Anonymous