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22 Sep

Iron ore falls after US rate hike

Seaborne iron ore prices fell slightly on Thursday, with the US Fed raising interest rates by 75 basis points in line with market expectations. The Kallanish KORE 62% Fe index lost $0.55/tonne on Thursday to $98.46/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.35/t lower at $110.66/dmt cfr, and the KORE 58% Fe index declined $1.38/t to $86.62/dmt cfr. 170,000 tonnes of PB fine were sold at a floating price with a lay…
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