27
Jun
15:32
SHFE futures drive iron ore higher
The sprint in China's steel futures led to a recovery of steel prices and pushed the iron ore market higher on Tuesday.
The Kallanish KORE 62% and 65% Fe indices rose by $3.15/tonne and $3.26/t respectively on Tuesday to $114.08/dry metric tonne cfr Qingdao and $125.83/dmt cfr. Meanwhile, the KORE 58% Fe index increased $1.41/t to $103.48/dmt cfr.
170,000 tonnes of 61% PB fines and same volume of 62% PB fines were booked at $112.45/t and $114.15/t r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous