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12 Feb

Iron ore gains on BHP strike risk

Seaborne iron ore prices edged higher on Monday, with fears of tight supply during a planned strike by BHP train drivers. The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained respectively by $0.55/t and $0.56/t on Monday to $127.57/dry metric tonne cfr Qingdao and $140.55/dmt cfr. The KORE 58% Fe index meanwhile increased by $0.02/t to $115.67/dmt cfr. On the Singapore Exchange, February 62% Fe futures and 65% Fe futures each settled $1.45/t high…
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