25
Mar
14:42
Iron ore stalls as mills ramp up production
Seaborne iron ore prices entered a stalemate on Monday. Steel market demand has recovered slightly but steel mills are again caught in the game of accelerating production.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained by $0.12/t and $0.16/t respectively on Monday to $109.5/dry metric tonne cfr Qingdao and $121.85/dmt cfr. The KORE 58% Fe index rose $0.44/t to $98.31/dmt cfr. Sources report that 80,000 tonnes of Mac Fines were sold at $107.3…
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Anonymous
Very good overview of the weekly steel market.
Anonymous