10
Jan
14:19
Iron ore steadies on falling port stocks
Seaborne iron ore prices were steady on Friday after their slump on Thursday. Prices were supported by falling port stocks and the coming mini trade deal.
The Kallanish KORE 62% Fe index slipped $0.08/tonne to $92.61/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange May iron ore settled at CNY 659.5/t ($95.19/t), down CNY 7.5/t, while on the Singapore Exchange February 62% Fe futures settled down $0.10/t at $92.02/t. In Tangshan, billet prices were flat…
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Anonymous
Very good overview of the weekly steel market.
Anonymous