12
Mar
14:39
Iron ore holds as Citic loses another $1bn
Seaborne iron ore prices stabilised on Monday but with China’s steel markets still showing no sign of recovering, iron ore is predicted to fall further. Citic, meanwhile, has recorded write-downs through the last iron ore price recovery so another one this year is far from a surprise.
The Kallanish index for 62% Fe Australian fines gained $0.11/t to $69.86/dry metric tonne cfr Qingdao. On COREX 15,000t of PB fines sold from stock in Rizhao Port a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous