29
Oct
11:13
Iron ore slumps as Vale hikes pellet output
Seaborne iron ore prices took a hit on Friday as steel and iron ore futures fell sharply and sentiment continued to weaken. Brazil’s Vale meanwhile noted in its recent operations report that it was adding 10 million tonnes of pellet output in 2018.
The Kallanish index for 62% Fe Australian fines fell $1.70/t to $60.18/dry metric tonne cfr Qingdao. 170,000t of PB fines sold in tender at $59.59/t with a laycan in 23 November-2 December. On the Dalian Commodi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous