21
Aug
15:20
Iron ore slumps on reduced steel output
Seaborne iron ore prices slumped on Wednesday on news of continuing steel production cutbacks. The weaker market meanwhile has pushed at least one trader to start offloading ships.
The Kallanish KORE 62% Fe index slumped $7.64/tonne to $82.19/dry metric ton cfr Qingdao. 170,000 tonnes of Carajas fines sold on COREX at a floating price. On the Dalian Commodity Exchange January 2020 iron ore settled at CNY 593.5/t ($84.03/t), down another CNY 22.5/t,&nbs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous