07
Aug
15:14
Seaborne iron ore slide disrupts Simandou tender
Seaborne iron ore prices slipped further on Wednesday amid little spot trading activity. Guinea meanwhile has delayed its tender of Simandou mining blocks, leaving it with selling iron ore at much lower prices than it expected.
The Kallanish KORE 62% Fe index dropped another $1.03/tonne to $96.69/dry metric ton cfr Qingdao. While bids were falling, there was little trading to support lower price levels. On the Dalian Commodity Exchange Januar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous