12
Jul
15:47
Iron ore steady but Karara nears insolvency
Seaborne iron ore prices settled into their position around $65/tonne on Wednesday as China’s steel market remained firm. High iron ore prices have not been enough for Karara, however, which is now warning it may fail to repay debts.
The Kallanish index for 62% Fe Australian fines lost $0.14/t to $64.95/dry metric tonne cfr Qingdao. On the Dalian Commodity Exchange September iron ore settled up CNY 3/t at CNY 491/t ($72.20/t), while on the Singap…
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Anonymous
Very good overview of the weekly steel market.
Anonymous