26
Oct
16:21
Iron ore stabilises despite lower mills' margins
Seaborne iron ore market held almost steady on Thursday. Chinese regulators have tried to suppress speculation through restricting futures trading.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined by $0.09/t and $0.04/t respectively to $119.02/dry metric tonne cfr Qingdao and $128.32/dmt cfr. The KORE 58% Fe index meanwhile dropped $0.1/t lower to $108.45/dmt cfr.
90,000t of Mac fines and 80,000t of Newman fines were sold at $117.85/t and $118.9…
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Anonymous
Very good overview of the weekly steel market.
Anonymous