14
Dec
14:52
Iron ore struggles, mills' profits face pressure
The seaborne iron ore market struggled on Thursday as rising coke prices hit Chinese steel mills' steelmaking margins.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined by $0.13/t and $0.23/t respectively to $135.74/dry metric tonne cfr Qingdao and $147.27/dmt cfr. The KORE 58% Fe index, meanwhile, was $0.04/t lower at $124.4/dmt cfr. 90,000 tonnes of Newman fines were booked at $134.5/t with a laycan of 11-20 January 2024.
On the Dalian Comm…
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Anonymous
Very good overview of the weekly steel market.
Anonymous