04
Jan
15:36
Iron ore sees first decline in 2024
The seaborne iron ore market reported its first decline of 2024 on Thursday, with the downturn in the futures market.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index dropped $1.31/t and $1.38/t respectively on Thursday to $143.16/dry metric tonne cfr Qingdao and $154.08/dmt cfr. The KORE 58% Fe index however gained by $0.9/t to $132.31/dmt cfr.
90,000 tonnes of Mac fines were sold at $141.1/t with a laycan of 11-20 February, with 170,000t of PB fines bo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous