19
Oct
15:00
Iron ore loses ground as steelmaking margins narrow
Seaborne iron ore prices extended their losses on Wednesday, as the continued depreciation of the yuan put pressure on Chinese steel mills' imports of raw materials.
The Kallanish KORE 62% Fe index declined $2.68/tonne on Wednesday to $93.19/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $2.76/t lower at $105.86/dmt cfr, and the KORE 58% Fe index dropped $1.8/t to $83.83/dmt cfr. 170,000t of 61% PB fines were so…
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Anonymous
Very good overview of the weekly steel market.
Anonymous