19
Apr
17:03
Iron ore surges as BHPB cuts guidance
Seaborne iron ore prices surged on Thursday. A combination of continued spot market buying and news of lower output from BHP Billiton sent prices sharply higher.
The Kallanish index for 62% Fe Australian fines leapt $1.97/tonne higher to $67.50/dry metric ton cfr Qingdao, the highest level since 22 March. 190,000 tonnes of PB fines sold at $67.01/t with a laycan in 6-15 May, while on COREX 170,000t of Brazilian Blend sold at $68.65/t with a laycan in 14-23 …
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Anonymous
Very good overview of the weekly steel market.
Anonymous