15
Aug
16:02
Iron ore rebounds on bank rates cut
Seaborne iron ore prices recovered on Tuesday, with China's central bank announcing a rate cut ahead of schedule to rescue markets from pessimism.
The Kallanish KORE 62% Fe index rose by $1.05/tonne on Tuesday to $103.45/dry metric tonne cfr Qingdao, and the KORE 65% Fe index gained $1.29/t to $116.39/dmt cfr. Meanwhile, the KORE 58% Fe index decreased by $0.74/t to $96.02/dmt cfr.
80,000t of Newman fines and 170,000t of Carajas fines were booked at $103…
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Anonymous
Very good overview of the weekly steel market.
Anonymous