12
Dec
14:39
Iron ore rebounds with higher GDP forecasts
The seaborne iron ore market saw gains on the back of spot trading, with improved market liquidity hinting at firm demand from Chinese mills.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained by $2.2/t and $2.22/t to $137.59/dry metric tonne cfr Qingdao and $149.6/dmt cfr respectively. The KORE 58% Fe index, meanwhile, was $1.58/t higher at $125.77/dmt cfr. 80,000t of Mac fines were booked at $135.6/t with a laycan of 1-10 January 2024.
On the Dali…
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Anonymous
Very good overview of the weekly steel market.
Anonymous