19
Oct
16:50
Iron ore slides but Cairns plans capacity expansion
Seaborne iron ore prices slipped again on Thursday after economic data further undermined steel market sentiment. The prospect of falling prices has not deterred some investors however, with the Cairn Hill mine securing funding for its expansion.
The Kallanish index for 62% Fe Australian fines dropped $1.95/tonne to $60.50/dry metric ton cfr Qingdao. 170,000t of PB fines sold at $60.18/t in tender. On the Dalian Commodity Exchange January 2018 iron ore sett…
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Anonymous
Very good overview of the weekly steel market.
Anonymous