20
Sep
15:26
Iron ore holds, Rio foresees stable demand
The seaborne iron ore market held firm on Wednesday, with steel mills' raw material costs rising this week on the back of stable iron ore prices and rising coke prices.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $0.17/t and $0.28/t on Wednesday to $124.47/dry metric tonne cfr Qingdao and $133.83/dmt cfr respectively. The KORE 58% Fe index however declined by $2.34/t to $109.3/dmt cfr.
90,000t of Newman fines were booked at $124.8/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous