11
Jul
15:49
Iron ore rebounds, inventory drops
Seaborne iron ore prices saw a rebound on Tuesday, on falling inventories and credit support for the housing market.
The Kallanish KORE 62% and 65% Fe indices rose by $2.28/tonne and $2.47/t respectively on Tuesday to $107.98/dry metric tonne cfr Qingdao and $121.14/dmt cfr. Meanwhile, the KORE 58% Fe index gained $0.89/t to $98.62/dmt cfr.
On the Dalian Commodity Exchange (DCE), September iron ore was down by CNY 2.5/t ($0.35/t) to CNY 804/t.…
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