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15 Feb

Iron ore firms, Sino Iron reduces output

Seaborne iron ore prices increased slightly on Wednesday, but CITIC Pacific Mining announced a reduction in annual output from the Sino Iron magnetite project. The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $0.12/t and $0.16/t on Thursday to $128.79/dry metric tonne cfr Qingdao and $141.85/dmt cfr respectively. The KORE 58% Fe index declined by $0.07/t to $115.6/dmt cfr. On the Singapore Exchange, February 62% Fe futures and 65% Fe futures …
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