03
Nov
15:58
Iron ore gains slow on rumours
The seaborne iron ore market maintained its upward trend last week and set a new seven-month price record. However, the price increases slowed under the influence of market rumours on Friday.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained by $0.15/t and $0.49/t respectively to $127.01/dry metric tonne cfr Qingdao and $136.18/dmt cfr on Friday. The KORE 58% Fe index meanwhile rose $0.11/t to $117.18/dmt cfr. 170,000t of PB fines sold at a floating…
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Anonymous
Very good overview of the weekly steel market.
Anonymous