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10 Sep
15:41

Iron ore remains firm after import decline

Seaborne iron ore prices were firm on Monday, supported by further increases in Chinese steel futures. The slight drop in iron ore imports in August does not signal short supply, but if steel prices jump then iron ore could still follow. The Kallanish KORE 62% Fe Australian fines index gained $0.24/t to $68.83/dry metric tonne cfr Qingdao. 110,000 tonnes of Newman Fines sold at a floating price on COREX. On the Dalian Commodity Exchange January 2019 ir…
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