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06 Sep
16:56

Iron ore prices fall back

Seaborne iron ore prices fell on Tuesday as weak August sales by property developers dragged down steel market expectations. The Kallanish KORE 62% Fe index lost $0.55/tonne to $98.5/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.7/t lower at $110.81/dmt cfr, and the KORE 58% Fe index was down $0.22/t to $84.98/dmt cfr. On the Dalian Commodity Exchange, January iron ore settled up CNY 12.5/t ($1.79/t) at CN…
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