29
May
16:16
Iron ore gains, market expects stimulus
Seaborne iron ore prices extended gains from late last week on Monday, with a combination of futures and spot trading keeping prices up.
The Kallanish KORE 62% and 65% Fe indices rose by $2.07/tonne and $1.8/t respectively on Monday to $103.7/dry metric tonne cfr Qingdao and $116.92/dmt cfr. Meanwhile, the KORE 58% Fe index reached $2.03/t higher to $101.67/dmt cfr.
170,000 tonnes of PB fines and 90,000t of Mac fines were respectively sold at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous