23
Jul
15:43
Iron ore prices hit a three-month low
Seaborne iron ore prices extended losses on Tuesday and refreshed the lowest level of the past three months, dragged down by Chinese rebar and hot rolled coil futures which fell to 2024 lows.
The Kallanish KORE 62% Fe index and KORE 65% Fe index declined respectively by $2.39/t and $2.4/t to $101.86/dry metric tonne cfr Qingdao and $117.58/dmt cfr. The KORE 58% Fe index, meanwhile, was $2.23/t lower at $89.35/dmt cfr. On public platforms, 170,000 tonnes of PB Fine…
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Anonymous
Very good overview of the weekly steel market.
Anonymous