26
Jan
15:00
Iron ore retreats despite property market support
Seaborne iron ore prices retreated on Friday, even as more real estate market support policies were announced.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined by $0.51/t and $0.44/t respectively on Friday to $136.21/dry metric tonne cfr Qingdao and $148.28/dmt cfr. The KORE 58% Fe index meanwhile declined by $0.65/t to $125.73/dmt cfr. 90,000t of Mac Fines and the same volume of Newman Fines were each booked at $132.45/t and $135.05/t with a lay…
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Anonymous
Very good overview of the weekly steel market.
Anonymous