16
Jan
16:14
Iron ore plummets on NDRC crackdown
Seaborne iron ore prices fell on Monday due to a policy crackdown, as China tried various ways to suppress the rise in values.
The Kallanish KORE 62% Fe index fell $2.95/t on Monday to $121.59/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $2.97/t lower at $135.65/dmt cfr, and the KORE 58% Fe index declined $0.23/t to $107.42/dmt cfr. 90,000 tonnes of JMBF fines were sold at a floating price with delivery in March.
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Anonymous
Very good overview of the weekly steel market.
Anonymous