17
May
15:26
Iron ore rises on futures surge
Seaborne iron ore prices were strong on Wednesday on continued buying and a surge in Chinese steel futures. Rio Tinto recently hit a nominal milestone however which highlights how quickly supply has increased in recent years.
The Kallanish index for 62% Fe Australian fines gained $0.99/tonne to $62.01/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold in tender at $61.39/t with a laycan in 29 May-7 June. On the Dalian Commodity Exchange September i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous