31
Jul
16:05
Iron ore slumps to two-week low
Seaborne iron ore prices fell sharply on Monday. The impact of production restrictions on spot transactions dragged down prices.
The Kallanish KORE 62% and 65% Fe indices dropped by $4.72/tonne and $4.76/t respectively on Monday to $108.88/dry metric tonne cfr Qingdao and $122.51/dmt cfr. Meanwhile, the KORE 58% Fe index declined $6.31/t to $99.74/dmt cfr.
90,000t of Mac fines were sold at $105.05/t with a laycan of 30 August to 8 September, and another 90,0…
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Anonymous
Very good overview of the weekly steel market.
Anonymous