03
Aug
16:03
Iron ore slumps, Baowu may lead output restrictions
Seaborne iron ore prices extended losses on Thursday as torrential rains in northern China continued to hamper steel demand from end-user sectors.
The Kallanish KORE 62% and 65% Fe indices declined by $3.98/tonne and $6.95/t respectively on Thursday to $105.4/dry metric tonne cfr Qingdao and $115.95/dmt cfr. Meanwhile, the KORE 58% Fe index lost $0.08/t to $98.3/dmt cfr.
170,000 tonnes of BRBF fines were booked at $106/t with a laycan of 2-11 September,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous