13
Dec
15:25
Iron ore drops on lower pig iron output
The seaborne iron ore market fell back on Wednesday, as Chinese steel mills' hot metal output fell and rising inventories weighed on prices.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $1.72/t and $2.09/t respectively to $135.87/dry metric tonne cfr Qingdao and $147.5/dmt cfr. The KORE 58% Fe index, meanwhile, was $1.33/t lower at $124.44/dmt cfr. 90,000 tonnes of Mac fines were booked at $133.45/t with a laycan of 9-18 January 2024.
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Anonymous
Very good overview of the weekly steel market.
Anonymous