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02 Apr

Iron ore gains despite production limit concerns

Seaborne iron ore prices turned higher on Tuesday, but rumours of Chinese mills' production limits dampened market sentiment. The Kallanish KORE 62% Fe index and KORE 65% Fe index rose $1.32/t and $1.79/t respectively on Tuesday to $103.5/dry metric tonne cfr Qingdao and $115.6/dmt cfr. The KORE 58% Fe index gained $1.29/t to $93.1/dmt cfr. Sources report that two deals of 170,000 tonnes of PB Fines were sold at $102.4/t and $103.75/t, respectively, with layc…
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