The seaborne iron ore market continued to move higher on Thursday as China's steel futures rebounded significantly. The upcoming Chinese economic work conference has stimulated positive market expectations.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained by $2.56/t and $2.65/t to $136.2/dry metric tonne cfr Qingdao and $148.35/dmt cfr respectively. The KORE 58% Fe index, meanwhile, was $1.95/t higher at $124.41/dmt cfr.
On the Dalian Co…
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