30
Oct
16:25
Iron ore hits five-week high
The seaborne iron ore market started this week with gains, as the Chinese government's fiscal stimulus, which supports infrastructure demand, kept market sentiment positive.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index rose by $1.62/t and $1.7/t respectively to $123.2/dry metric tonne cfr Qingdao and $132.6/dmt cfr. The KORE 58% Fe index meanwhile gained by $3.05/t to $113.2/dmt cfr.
90,000 tonnes of Mac fines were sold at $119.2/t with a laycan …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous