22
Jan
11:09
Iron ore prices rise on Tubarão closure
Seaborne iron ore prices increased on Friday, unsurprising considering that Brazil forced Vale to close the 100 million tonnes/year Tubarão iron ore port (see related article). The limited extent of the increase suggested however that the market expects disruption to be limited and short lived.
The Kallanish index for 62% Fe Australian fines rose by $1.15 to $41.18/dry metric ton cfr Qingdao. A Rio Tinto tender resulted in 170,000 tonnes of PB fines selli…
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Anonymous
Very good overview of the weekly steel market.
Anonymous