14
Nov
16:21
Iron ore regains $130/t
The seaborne iron ore market has returned to above $130/t. While fundamentals are quiet, US President Biden's meeting with China's President Xi Jinping on Wednesday has filled the market with contrasting expectations.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index both gained on Tuesday by $1.33/t and $1.58/t respectively to $130.24/dry metric tonne cfr Qingdao and $140.22/dmt cfr. The KORE 58% Fe index meanwhile kept unchanged at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous