30
May
15:44
Iron ore prices slump
Seaborne iron ore prices turned lower on Thursday, led by policy guidelines released by the State Council of China late Wednesday to reduce carbon emissions in the steel industry.
The Kallanish KORE 62% Fe index and KORE 65% Fe index each slumped by $3.13/t and $3.44/t to $116.11/dry metric tonne cfr Qingdao and $130.29/dmt cfr, respectively. The KORE 58% Fe index, meanwhile, was $2.21/t lower at $104.02/dmt cfr.
Two deals for 170,000t of PB Fines each were sold …
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