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17 Jun

Iron ore falls with lower Chinese iron output

Seaborne iron ore prices fell on Monday after China reported a dip in crude steel output in January-May. The Kallanish KORE 62% Fe index and KORE 65% Fe index lost $1.53/t and $1.6/t to $105.85/dry metric tonne cfr Qingdao and $120.86/dmt cfr respectively. The KORE 58% Fe index was $1.38/t lower at $92.92/dmt cfr. Bookings included 80,000 tonnes of Newman Fines and 90,000t of Mac Fines, each concluding at a floating price with the same laycan of 8-17 July. On the…
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