19
Mar
14:27
Iron ore slips despite Vale cutback estimates
Seaborne iron ore prices slipped slightly on Tuesday as steel markets lost confidence again. The fallout from Vale’s closures is still being discussed with BMO estimating around 64 million tonnes of lost output this year.
The Kallanish KORE 62% Fe index slipped $0.39/tonne to $86.62/dry metric ton cfr Qingdao. On COREX, two 170,000-tonne cargos of PB fines and another 170,000t of Brazilian Blend all sold at floating prices.
On the Dalian Commodity …
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Anonymous
Very good overview of the weekly steel market.
Anonymous