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20 Nov

Iron ore hikes on supply disruption concerns

The seaborne iron ore market rebounded strongly on Monday as a possible strike by BHP Billiton train drivers raised market concerns about supply disruptions. The Kallanish KORE 62% Fe index and the KORE 65% Fe index surged by $4.15/t and $5.53/t respectively to $134.12/dry metric tonne cfr Qingdao and $145.87/dmt cfr. The KORE 58% Fe index, meanwhile, was $5.41/t higher at $124.47/dmt cfr. 120,000 tonnes of Carajas fines and 80,000t of JMBF fines were sold at flo…
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