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23 Feb

Iron ore pricing firms on supply concerns

Seaborne iron ore prices have strengthened in the last two trading days of the past week, with weather in Australia and Brazil threatening to disrupt supply. The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $0.13/t and $0.12/t respectively on Friday to $121.97/dry metric tonne cfr Qingdao and $134.7/dmt cfr. The KORE 58% Fe index rose by $0.26/t to $107.94/dmt cfr. Sources report that 170,000t of BRBF Fines were sold by $122.15/t with a laycan of 1…
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