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22 Mar

Iron ore declines on demand concerns

Seaborne iron ore prices kept falling this week amid a weaker steel market. The Kallanish KORE 62% Fe index lost $2.14/t on Wednesday to $127.27/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index declined $2.01/t at $143.04/dmt cfr, and the KORE 58% Fe index reached $0.66/t lower to $118.08/dmt cfr. On the Dalian Commodity Exchange, May iron ore decreased CNY 13/t ($1.88/t) to CNY 871.5/t, while on the Singa…
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