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02 Feb

Iron ore falls after Fed's rate hike

Seaborne iron ore prices fell on Thursday, as the US Federal Reserve announced a 25-basis point rate hike in line with previous market forecasts. The Kallanish KORE 62% Fe index declined $1.88/t on Thursday to $125.95/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $1.5/t lower at $141.11/dmt cfr, and the KORE 58% Fe index lost $0.01/t to $114.27/dmt cfr. 90,000 tonnes of JMBF fines were sold at a floating price with ship…
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