08
Jul
16:43
Iron ore slumps on restriction prospects
Seaborne iron ore prices continued to fall on Thursday, while some steel mills' overhauls led to weaker iron ore demand prospects.
The Kallanish KORE 62% Fe index slumped $5.93/t to $211.08/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index fell $6.55/t to $243.39/dmt cfr, and the KORE 58% Fe index dropped $3.85/t to $179.28/dmt cfr. 90,000 tonnes of JMBF Fines sold at $198.43/t for August shipment.
On the Dalian Commodity Exchange …
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Anonymous
Very good overview of the weekly steel market.
Anonymous