19
Jul
15:58
Iron ore drops on interest rate cut rumours
Seaborne iron ore prices fell slightly on Friday as market investors looked for new stimulus guidance.
The Kallanish KORE 62% Fe index and KORE 65% Fe index decreased respectively by $0.68/t and $0.63/t to $105.57/dry metric tonne cfr Qingdao and $121.39/dmt cfr. The KORE 58% Fe index, meanwhile, was $0.69/t lower at $92.84/dmt cfr. On public platforms, 170,000 tonnes of PB Fines were booked at $105.1/t with a laycan of 28 August to 6 September.
On the Dalian Com…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous