12
Oct
16:12
Iron ore inches higher despite production cuts
The seaborne iron ore market remained firm on Thursday as sporadic production cuts by Chinese steel mills did not affect iron ore purchases.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $1.79/t and $1.95/t respectively on Thursday to $118.75/dry metric tonne cfr Qingdao and $127.07/dmt cfr. The KORE 58% Fe index meanwhile rebounded by $0.62/t to $103.6/dmt cfr. 90,000t of Newman fines and 80,000t of Mac fines were each sold at $118/t and $…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous