The seaborne iron ore market revised down last week's gains on Friday, with blast furnace operating rates declining and imported iron ore inventories rising slightly.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index both declined on Friday by $2.63/t and $3.26/t respectively to $129.97/dry metric tonne cfr Qingdao and $140.34/dmt cfr. The KORE 58% Fe index meanwhile was $3.61/t lower at $119.06/dmt cfr. 90,000t of Mac fines were sold at $128/t with a …
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