19
Feb
15:07
Iron ore slumps on delayed demand
Seaborne iron ore prices plunged on the first trading day back from the Chinese New Year holiday, with market sentiment more subdued than expected.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index slumped by $3.15/t and $3.27/t respectively on Monday to $126.4/dry metric tonne cfr Qingdao and $139.34/dmt cfr. The KORE 58% Fe index meanwhile declined by $0.29/t to $115.225/dmt cfr. 90,000 tonnes of JMBF Fines were booked at a floating price with a laycan o…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous