17
May
14:26
Iron ore jumps on sustained activity
Seaborne iron ore prices gained further on Tuesday as buying continued. The rebound in steel prices and firm Chinese economic data has restored short term confidence, but iron ore still faces a weak second half.
The Kallanish index for 62% Fe Australian fines rose by $1.88 to $54.09/dry metric ton cfr Qingdao. Two 170,000t of PB fines traded on globalORE for June shipment, first at $55.5/t and then at $57.2/t. 80,000t of Jimblebar fines also traded at $55.6/t. P…
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Anonymous
Very good overview of the weekly steel market.
Anonymous