17
Jan
15:30
Iron ore hits two-month low
Seaborne iron ore prices dipped as futures moved lower again on Wednesday, reaching new lows for the past two months.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $2.29/t and $2.2/t respectively on Wednesday to $128.48/dry metric tonne cfr Qingdao and $140.2/dmt cfr. The KORE 58% Fe index meanwhile declined $0.06/t to $116.81/dmt cfr.
Two cargos of 170,000 tonnes of PB Fines each were sold at floating prices with laycans of 29 February to 9 Marc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous