18
Dec
11:27
Iron ore firms as BHPB on credit watchlist
Seaborne iron ore prices have continued to recover despite rising inventories and falling steel production. BHP Billiton meanwhile has been warned Moody’s may cut its credit rating on the low iron ore price.
The Kallanish index for 62% Fe Australian fines pushed up again by $0.98 to $39.89/dry metric ton cfr Qingdao. 170,000 tonnes of Brazilian Blend sold on globalORE at a $1.25/t premium to the Platts 62% Iodex for January delivery.
Moody’s said …
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Anonymous
Very good overview of the weekly steel market.
Anonymous