16
Apr
14:57
Iron ore slides on firm supply
Seaborne iron ore prices slipped on Monday following steel futures prices. Neither continued spot activity nor lower output from Vale could prevent a further slide.
The Kallanish index for 62% Fe Australian fines dropped $1.09/t to $63.81/dry metric tonne cfr Qingdao. 170,000t of PB fines sold at $62.82/t with a laycan in 17-26 May. 170,000t of Brazilian Blend, meanwhile, sold on globalORE at a floating price. On the Dalian Commodity Exchange September…
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Anonymous
Very good overview of the weekly steel market.
Anonymous