24
Mar
14:15
Iron ore slips again as CITIC takes write-down
Seaborne iron ore prices slipped further on Friday as the Chinese steel market continued to slump. Despite iron ore prices increasing through 2016, CITIC took another impairment on its Sino Iron project.
The Kallanish index for 62% Fe Australian fines dipped another $1.38/tonne to $84.18/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold in a tender at $83.83/t with a laycan in 8-17 April. On the Dalian Commodity Exchange, September iron ore future…
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Anonymous
Very good overview of the weekly steel market.
Anonymous