24
Jul
15:15
Iron ore rebounds despite weaker outlook
Seaborne iron ore prices saw a modest recovery on Wednesday, rebounding slightly from recent declines.
The Kallanish KORE 62% Fe index and KORE 65% Fe index gained respectively by $0.27/t and $0.17/t to $102.12/dry metric tonne cfr Qingdao and $117.74/dmt cfr. The KORE 58% Fe index, meanwhile, was $0.26/t higher at $89.62/dmt cfr.
On public platforms, 80,000 tonnes and 90,000t of Mac Fines were booked at $94.9/t and $95.2/t respectively with the same laycan of 21…
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Anonymous
Very good overview of the weekly steel market.
Anonymous