06
Nov
15:31
Iron ore gains, steel inventory pressure eases
The seaborne iron ore market continued its upward trend this week. The steel output and inventory of Chinese steelmakers both declined at the end of October, supporting steel market sentiment.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained by $1.22/t and $1.18/t respectively to $128.23/dry metric tonne cfr Qingdao and $137.36/dmt cfr respectively on Monday. The KORE 58% Fe index meanwhile rose $1.19/t to $118.37/dmt cfr. 80,000t of Mac fines sold…
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