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01 Jun
17:23

Iron ore firm as Shanghai reopens

Seaborne iron ore prices ticked higher on Wednesday as Shanghai proceeded to open up. The city’s success in opening up small businesses and allowing people to move freely has restored some confidence to ferrous markets. The Kallanish KORE 62% Fe index gained $0.40/t to $136.45/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index increased $0.44/t to $160.09/dmt cfr, and the KORE 58% Fe index jumped $4.01/t to $127.52/dmt cfr. 170,000 tonnes of PB Fi…
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