22
Jan
15:40
Iron ore inches lower on weaker demand
Seaborne iron ore prices fell on Monday on weaker expectations for iron ore demand from Chinese steel mills.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $1.08/t and $0.61/t respectively on Monday to $130.17/dry metric tonne cfr Qingdao and $142.42/dmt cfr. The KORE 58% Fe index meanwhile declined by $0.96/t to $116.84/dmt cfr.
100,000 tonnes of Newman Fines were sold at $128.5/t with a laycan of 25 February and 5 March. Meanwhile, 120,000t of C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous