14
Jun
13:54
Iron ore slips but Sino Iron stays brave
Seaborne iron ore prices fell on Tuesday as sentiment dropped and the outlook for Chinese steel production worsened. Sino Iron executives are still putting on a brave face however, insisting that they plan to reach capacity, and profitability.
The Kallanish index for 62% Fe Australian fines fell back by $1.36 to $49.54/dry metric ton cfr Qingdao. There were no spot deals on the major platforms but a tender on Monday closed at $52.01/t cfr for 170,000 tonnes of P…
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Anonymous
Very good overview of the weekly steel market.
Anonymous