15
Feb
15:00
Iron ore jumps on steel output hopes
Seaborne iron ore prices gained again on Monday as the Chinese steel market returned from the New Year holiday expecting steel output to increase. Low iron ore import figures for January, meanwhile, calmed fears about rising port stocks.
The Kallanish index for 62% Fe Australian fines gained $1.55/tonne to $43.63/dry metric tonne cfr Qingdao as activity picked up sharply on the return from China’s New Year holidays. There were two index-linked de…
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Anonymous
Very good overview of the weekly steel market.
Anonymous