17
Apr
15:21
Iron ore rises beyond expectations
Seaborne iron ore prices surged on Wednesday, with recovering steel market expectations boosting iron ore market sentiment. Iron ore trading activities however fell back as a surge in the market led to traders being less enthusiastic about selling port stocks in China.
The Kallanish KORE 62% Fe index and KORE 65% Fe index surged by $5.43/t and $5.34/t respectively to $115.29/dry metric tonne cfr Qingdao and $127.72/dmt cfr. The KORE 58% Fe index was $5.09/t h…
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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