16
Oct
16:56
Iron ore rebounds as sentiment stabilises
The seaborne iron ore market saw gains on Monday as funds flowed into futures. China's iron ore port inventories and steel mill inventories are at low levels but operating rates remain firmly at high levels, attracting investors' confidence.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $2.86/t and $2.33/t respectively on Monday to $120.62/dry metric tonne cfr Qingdao and $129.45/dmt cfr. The KORE 58% Fe index meanwhile rebounded by…
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Anonymous
Very good overview of the weekly steel market.
Anonymous