05
Oct
17:07
Iron ore market remains flat
Seaborne iron ore prices remained steady on Tuesday as the market took it now-traditional early-October breather.
The Kallanish index for 62% Fe Australian fines barely moved again, slipping slightly by $0.05 to $54.65/dry metric ton cfr Qingdao. Iron ore was also quiet on the Singapore Futures Exchange.
The index last peaked at $62.25/dmt on 22 August since when the price has trickled down to its current level, which is the lowest since mid-July. Longer term…
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Anonymous
Very good overview of the weekly steel market.
Anonymous