20
Mar
15:08
Iron ore turns down, mills to resume production
Seaborne iron ore prices turned lower on Wednesday, but the pace of Chinese steel mills resuming production may lead to a reversal in iron ore market sentiment.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined by $1.43/t and $1.45/t respectively on Wednesday to $107.75/dry metric tonne cfr Qingdao and $119.95/dmt cfr. The KORE 58% Fe index lost $0.65/t to $95.09/dmt cfr. Sources report that 80,000 tonnes of Mac Fines were sold at $103.4/t wi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous