28
Mar
15:45
Iron ore rebounds with rising demand
Seaborne iron ore prices recovered on Thursday amid an on-week rebound in Chinese apparent demand for rebar.
The Kallanish KORE 62% Fe index and KORE 65% Fe index rose $1.19/t and $1.43/t respectively on Thursday to $103.51/dry metric tonne cfr Qingdao and $116.08/dmt cfr. The KORE 58% Fe index gained by $3.14/t to $94.77/dmt cfr. Sources report that 170,000 tonnes of PB Fines were sold at a floating price with a laycan of 1-10 May.
On the Dalian Commodity Exchan…
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Anonymous
Very good overview of the weekly steel market.
Anonymous