15
Mar
14:34
Iron ore holds as Noble fights to restructure
Seaborne iron ore prices hovered at about $71/tonne on Thursday as the Chinese steel market began to show the first signs of tightening but there was still not enough momentum to support higher prices. Noble Group meanwhile is continuing to push its restructuring, but that is far from a done deal.
The Kallanish index for 62% Fe Australian fines dipped $0.39/t to $71.09/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold at $70.32/t with a laycan in …
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Anonymous
Very good overview of the weekly steel market.
Anonymous