30
Apr
16:55
Iron ore diverges before holiday
Seaborne iron ore prices deviated due to spot trading on Tuesday, with some market participants leaving the market early due to the upcoming Labour Day holiday.
The Kallanish KORE 62% Fe index and KORE 65% Fe index declined by $0.29/t but increased by $1.83/t respectively to $115.54/dry metric tonne cfr Qingdao and $130.19/dmt cfr. The KORE 58% Fe index was $0.7/t lower at $103.8/dmt cfr.
Sources report three deals of 90,000 tonnes of Mac Fines were booked a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous