06
May
16:44
Iron ore drops as market confidence ebbs
Seaborne iron ore prices slumped on Friday, in line with financial markets and confidence in commodities. China meanwhile remains committed to strict anti-Covid measures which will limit steel demand.
The Kallanish KORE 62% Fe index fell $4.47/t to $139.01/dry metric tonne cfr Qingdao, the lowest since 25 April. The Kallanish KORE 65% Fe index dropped $4.55/t to $163.58/dmt cfr, and the KORE 58% Fe index slipped just $0.56/t to $126.19/dmt cfr. 80,000 tonnes of Ne…
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Anonymous
Very good overview of the weekly steel market.
Anonymous