16
May
15:42
Iron ore flat as BHPB delays ramp up
Seaborne iron ore prices floated on Wednesday with no direction from China’s steel market. BHP Billiton notes it is continuing to cut costs but its ramp-up in shipments is slightly delayed.
The Kallanish index for 62% Fe Australian fines was up $0.03/tonne at $67.22/dry metric ton cfr Qingdao. Two 170,000-tonne cargos of PB fines sold in tender. One traded at $66.05/t with a laycan in 12-21 June and the other at $66.33/t with a laycan in 31 May-9 June…
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Anonymous
Very good overview of the weekly steel market.
Anonymous