24
May
15:30
Iron ore dips as shipping firms struggle
Seaborne iron ore prices dipped a little further on Tuesday, slipping under the $50/tonne mark despite renewed buying. Large shipments of Australian and Brazilian iron ore have not been enough to prevent shipping firms suffering from low rates, and Hyundai Merchant Marine is facing a precarious situation.
The Kallanish index for 62% Fe Australian fines lost $0.54/t to $49.61/dry metric tonne cfr Qingdao. 170,000t of PB fines traded on GlobalOre for Jun…
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Anonymous
Very good overview of the weekly steel market.
Anonymous