20
Sep
15:41
Iron ore dips on loose supply
Seaborne iron ore prices turned lower on Tuesday, with rising supply and expectations of interest rates hike lowering buying intentions.
The Kallanish KORE 62% Fe index lost $3.97/tonne on Tuesday to $99.61/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $3.89/t lower at $111.61/dmt cfr, and the KORE 58% Fe index declined $3.73/t to $88.55/dmt cfr. 170,000 tonnes of BRBF fines were sold at a floating price with a lay…
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Anonymous
Very good overview of the weekly steel market.
Anonymous