18
Apr
15:53
Iron ore price drop attracts restocking demand
Seaborne iron ore prices continued to drop on Tuesday, but a better-than-expected Chinese economy in the first quarter supported market expectations for consumption.
The Kallanish KORE 62% Fe index lost $0.68/tonne on Tuesday to $119.18/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index declined $0.67/t at $134.2/dmt cfr, and the KORE 58% Fe index reached $1.5/t lower at $108.89/dmt cfr. 170,000 tonnes of PB fines and 90,00…
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Anonymous
Very good overview of the weekly steel market.
Anonymous