06
Aug
15:22
Iron ore turns down with lower demand
Seaborne iron ore prices are back on a downward trend as Chinese steel mills face demand pressure with increased maintenance plans.
The Kallanish KORE 62% Fe index and KORE 65% Fe index lost respectively by $2.32/t and $2.59/t to $102.23/dry metric tonne cfr Qingdao and $117.12/dmt cfr. The KORE 58% Fe index, meanwhile, was $2.54/t lower at $89.48/dmt cfr.
On public platforms, 190,000 tonnes of Carajas Fines were sold at $117.6/t with a laycan of 3-12 August, and…
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Anonymous
Very good overview of the weekly steel market.
Anonymous