19
Aug
15:56
Iron ore rebounds as sentiment eases
Seaborne iron ore prices have experienced a notable rebound to kick off the week, successfully ending a two-week decline.
The Kallanish KORE 62% Fe index and KORE 65% Fe index gained by $2.31/t and $2/t, respectively, to $95.97/dry metric tonne cfr Qingdao and $110.29/dmt cfr. The KORE 58% Fe index, meanwhile, was $2.49/t higher at $84.01/dmt cfr.
On public platforms, 90,000 tonnes of Mac Fines were sold at $88.4/t with a laycan of 6-15 September. Meanwhile, 80,0…
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Anonymous
Very good overview of the weekly steel market.
Anonymous