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06 Jul

Iron ore diverges as pig iron output firms

Seaborne iron ore prices fell on Thursday amid lacklustre steel trading. The Kallanish KORE 62% and 65% Fe indices gained by $0.23/tonne but declined by $1.84/t respectively on Thursday to $110.3/dry metric tonne cfr Qingdao and $123.1/dmt cfr. Meanwhile, the KORE 58% Fe index lost $0.28/t to $97.56/dmt cfr. 80,000 tonnes of JMBF fines were booked at a floating price with delivery in August. On the Dalian Commodity Exchange (DCE), September iron or…
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