23
Apr
16:18
Iron ore slumps, market worries about US sanctions
Seaborne iron ore prices shrunk on Tuesday amid concerns that possible US sanctions on China would affect the stability of financial markets.
The Kallanish KORE 62% Fe index and KORE 65% Fe index declined by $3.24/t and $3.49/t respectively to $112.41/dry metric tonne cfr Qingdao and $124.87/dmt cfr. The KORE 58% Fe index was $3.15/t lower at $101.16/dmt cfr. Sources report that 90,000 tonnes of Newman Fines were booked at $111.1/t with a laycan of 26 May to 4 Jun…
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Anonymous
Very good overview of the weekly steel market.
Anonymous