29
Oct
12:46
Iron ore soars but Rio dumps Simandou
Seaborne iron ore prices leapt higher again on Friday as confidence returned that the Chinese steel market had at least a few more days to continue its rally. Rio Tinto meanwhile expressed in action the limits of the iron ore price rally by agreeing to hand over the Simandou project for practically nothing.
The Kallanish index for 62% Fe Australian fines jumped $1.77/t to $62.97/dry metric ton cfr Qingdao. Carajas fines sold on Corex at $75.4/t, while PB fi…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous