18
Nov
13:48
Iron ore slips as miners debate dividends
Seaborne iron ore prices continued to sink on Wednesday. Miners meanwhile continued to quarrel, this time over the implications of their dividend policies.
The Kallanish index for 62% Fe Australian fines dropped another $0.72/t to $46/dry metric ton cfr Qingdao, bringing it to the lowest point since the sudden and short-lived dip in July. A 90,000 tonnes cargo of Yandi fines was tendered at $42.11/t with a 1-10 December laycan. A tender for PB fines meanwhile cl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous