20
Jan
15:05
Iron ore gains on demand outlook
Seaborne iron ore prices continued to increase on the last working day before the Chinese New Year holiday, and market sentiment was optimistic, expecting a rebound in demand after the Spring Festival.
The Kallanish KORE 62% Fe index increased $0.81/t on Friday to $122.42/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.88/t higher at $136.55/dmt cfr, and the KORE 58% Fe index rose $0.32/t to $106.98/dmt cfr.
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Anonymous
Very good overview of the weekly steel market.
Anonymous