29
Nov
14:24
Iron ore slumps as Rio ups the ante
Seaborne iron ore prices slumped on Tuesday thanks to a sharp drop in Chinese futures prices, showing iron ore is still firmly tied to these markets. Rio Tinto meanwhile is trying to take advantage of what may be the best prices for a long time to come by hiking premiums for its PB Fines contracts.
The Kallanish index for 62% Fe Australian fines lost $2.63/tonne to $76.04/dry metric ton cfr Qingdao. Brazilian Blend sold on globalORE at a floating price, whi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous