06
Mar
15:52
Iron ore prices shrink on slow demand recovery
The seaborne iron ore price decline accelerated on Wednesday, with a weaker-than-expected demand recovery disappointing the market.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined by $1.85/t and $0.15/t respectively on Wednesday to $115.71/dry metric tonne cfr Qingdao and $129.57/dmt cfr. The KORE 58% Fe index dropped $1.42/t to $104.06/dmt cfr. Sources report that 80,000 tonnes of Carajas Fines and the same volume of JMBF Fines were sold r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous