11
May
15:22
Iron ore prices dip again
Seaborne iron ore prices turned down again on Thursday, with panic in the steel market transmitted to the raw materials side.
The Kallanish KORE 62% and 65% Fe indices declined $2.45/tonne and $2.46/t respectively on Thursday to $102.44/dry metric tonne cfr Qingdao and $115.68/dmt cfr. However, the KORE 58% Fe index reached $0.35/t higher at $93.27/dmt cfr. 170,000 tonnes of PB fines were sold at $102.6/t with a laycan of 5-14 June.
On the Dal…
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Anonymous
Very good overview of the weekly steel market.
Anonymous