25
Oct
17:24
Iron ore turns to decline
Seaborne iron ore prices reversed into a downward trend on Tuesday. The exchange rate of CNY against the US dollar weakened to over 7.3 on off-shore markets, prompting China's People's Bank and Foreign Exchange Administration to take measures to stabilize market expectations.
The Kallanish KORE 62% Fe index lost $0.35/tonne on Tuesday to $91.62/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.45/t lower at $104/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous