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25 May
Seaborne iron ore prices have fallen sharply, with demand support weak amid lower steel and pig iron production, but suppliers are trying to stabilise values. The Kallanish KORE 62% and 65% Fe indices slumped by $6.26/tonne and $2.24/t respectively on Thursday to $94.74/dry metric tonne cfr Qingdao and $108.32/dmt cfr. Meanwhile, the KORE 58% Fe index reached $6/t lower to $90.14/dmt cfr. 170,000 tonnes of BRBF fines and 90,000t of JMBF fines were …
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