23
Apr
15:43
Iron ore upticks again in tandem with steel
Iron ore continued its broad upswing on Monday with another, albeit modest, increase. Positive vibes from the Chinese steel sector will be helping to support sentiment as futures prices once again strengthened on the major exchanges.
The Kallanish index for 62% Fe Australian fines rose by $0.56/tonne to $67.10/dry metric ton cfr Qingdao, following Friday’s dip. 170,000 tonnes of PB fines sold at $66.50/t with a laycan in 5-14 May. On the Dal…
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Anonymous
Very good overview of the weekly steel market.
Anonymous