18
May
12:07
Iron ore prices continue upward surge
Seaborne iron ore prices either touched, or came within touching distance of, the hundred-dollar mark on Friday for the first time in 5 years. More negative news from Vale on its mining operations in Brazil caused futures prices to shoot up in both Singapore and Dalian.
The Kallanish KORE 62% Fe index gained $3.23/tonne on Friday to $99.41/dry metric ton cfr Qingdao, the highest level since mid-August 2014 and the second highest daily rise so far …
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Anonymous
Very good overview of the weekly steel market.
Anonymous