13
Sep
16:11
Iron ore steadies after buoyant week
Seaborne iron ore demonstrated its usual hiatus when China holidays and finished the week relatively unmoved on Friday.
The Kallanish KORE 62% Fe index gained just 0.09/tonne to $97.34/dry metric ton cfr Qingdao.
Although the Dalian Commodity Exchange was closed for the Chinese public holiday, on the Singapore Exchange October 62% Fe futures settled up $1.52/t at $96.24/t. In Tangshan, billet moved up to CNY 3,380/t ($477/t), an increase of CNY…
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Anonymous
Very good overview of the weekly steel market.
Anonymous