04
Apr
16:22
Iron ore surge stalls but developers tout projects
Seaborne iron ore prices were flat on Thursday, taking a pause after the dramatic hike through the first half of the week. High prices are encouraging minor developers to tout new projects in the hope prices will attract investors.
The Kallanish KORE 62% Fe index increased $0.02/tonne on Thursday to $93.80/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange, May iron ore settled at CNY 682.5/t ($101.75/t), up CNY 2.5/t, while on the Singapore …
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Anonymous
Very good overview of the weekly steel market.
Anonymous