31
Jan
15:31
Seaborne iron ore hits 22-month high
Seaborne iron ore prices have continued to surge through Thursday on the back of the cutbacks in supply from Vale. Mineral Resources has meanwhile seen its shipments slip but it hopes to recover volumes with the ramp up of several mines.
The Kallanish KORE 62% Fe index leapt $4.34/tonne to $84.22/dry metric ton cfr Qingdao, the highest level since 23 March 2017. On COREX, 170,000 tonnes of Brazilian Blend sold at $87/t with a laycan in 7-16 March. On the Da…
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Anonymous
Very good overview of the weekly steel market.
Anonymous