19
Oct
16:30
Iron ore retreats from gains
The seaborne iron ore market retreated on Thursday from consecutive gains through this week. Benefiting from the production cuts of steel mills, the decline of finished steel inventory has accelerated.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index each lost $2.77/t to $119.8/dry metric tonne cfr Qingdao and $128.95/dmt cfr respectively. The KORE 58% Fe index meanwhile declined by $0.81/t to $109.51/dmt cfr. 90,000t of Newman fines were booked at $…
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Anonymous
Very good overview of the weekly steel market.
Anonymous