31
Oct
15:42
Iron ore retreats with narrowing steel industry PMI
The seaborne iron ore market fell slightly on Tuesday. The Purchasing Manager Index(PMI) of China's steel industry turned to contraction in October, showing that the steel industry is still weakening in the period.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined by $0.29/t and $0.34/t respectively to $122.91/dry metric tonne cfr Qingdao and $132.25/dmt cfr. The KORE 58% Fe index gained by $0.42/t to $113.61/dmt cfr.
80,000t of Newman fines …
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Anonymous
Very good overview of the weekly steel market.
Anonymous