27
Apr
15:50
Iron ore slides despite higher Chinese steel output
Seaborne iron ore prices continued to drop ever closer to $60/tonne on Wednesday despite firming Chinese steel production. The restart of blast furnaces is continuing despite restrictions in Hebei, although this does not necessarily imply higher prices.
The Kallanish index for 62% Fe Australian fines lost another $1.82 to reach $60.5/dry metric ton cfr Qingdao. PB fines were trading down almost $4.50/tonne from Monday when 100,000 tonnes sold in a tender at $64.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous