19
Jul
15:18
Iron ore slows decline, mills add production cuts
Seaborne iron ore prices slowed down their decline on Tuesday. However, more and more Chinese steel mills choose to shut down production to reduce steel supply pressure, which hit the outlook for iron ore demand.
The Kallanish KORE 62% Fe index lost $0.48/t to $101.52/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was down $0.51/t to $113.49/dmt cfr, but the KORE 58% Fe index rebounded $0.11/t to $95.12/dmt cfr.
On the Dalian Co…
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Anonymous
Very good overview of the weekly steel market.
Anonymous