19
Mar
14:54
Iron ore rebounds with steel market recovery
Seaborne iron ore prices rose sharply on Tuesday, following a rebound in the Chinese steel market.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index rebounded by $4.6/t and $3.12/t respectively on Tuesday to $109.19/dry metric tonne cfr Qingdao and $121.4/dmt cfr. The KORE 58% Fe index rose $4.66/t to $95.75/dmt cfr. Sources report that 80,000t of Mac Fines and 170,000t of BRBF Fines were each sold at $106.85/t and $108.25/t with a laycan of 6-15 Apri…
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Anonymous
Very good overview of the weekly steel market.
Anonymous