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04 Jul

Iron ore holds in uninspiring market

Seaborne iron ore prices held in a flat steel market on Tuesday, especially as spot trading of steel stalled. The Kallanish KORE 62% and 65% Fe indices rose by $0.03/tonne but declined by $0.02/t respectively on Tuesday to $111.26/dry metric tonne cfr Qingdao and $123.76/dmt cfr. Meanwhile, the KORE 58% Fe index increased $0.06/t to $99.77/dmt cfr. 90,000 tonnes of Newman fines and 85,000t of BRBF fines were sold respectively at $110.2/t and $113.4/t wit…
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