06
Mar
14:53
Lower Chinese GDP target hits iron ore market
Seaborne iron ore prices opened Monday with losses after China's announcement of a 2023 GDP target disappointed markets.
The Kallanish KORE 62% Fe index declined $0.51/t on Monday to $126.43/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was also $0.55/t lower at $140.73/dmt cfr, and the KORE 58% Fe index dropped $0.16/t to $115.01/dmt cfr.
On the Dalian Commodity Exchange, May iron ore lost CNY 19/t ($2.74/t)…
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Anonymous
Very good overview of the weekly steel market.
Anonymous