24
Oct
16:44
Iron ore surges on Chinese bond issuance
The seaborne iron ore market rebounded on Tuesday due to stimulus from China's fiscal policies.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $4.07/t and $3.84/t to $119.49/dry metric tonne cfr Qingdao and $128.41/dmt cfr respectively. The KORE 58% Fe index meanwhile rose by $3.65/t to $109.07/dmt cfr.
90,000t of Mac fines were sold at $117.35/t with a laycan of 14-23 November, and 110,000t of Carajas fines were booked at a floating pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous