23
Jan
15:25
Iron ore rebounds on stimulus rumours
Seaborne iron ore prices have hit a new high of the past seven trading days amid improved market sentiment due to China's latest stimulus policies.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $2.45/t and $2.14/t respectively on Tuesday to $132.62/dry metric tonne cfr Qingdao and $144.56/dmt cfr. The KORE 58% Fe index meanwhile increased by $3.64/t to $120.49/dmt cfr. 170,000 tonnes of BRBF Fines and 90,000t of Newman Fines were respectivel…
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Anonymous
Very good overview of the weekly steel market.
Anonymous