04
Jul
16:25
Iron ore prices fall, Goldman Sachs cuts forecast
The seaborne iron ore market started the week with a price fall. The declining steel market is weakening expectations in the iron ore market, while the continued increase in steel mill maintenance work is affecting iron ore demand.
The Kallanish KORE 62% Fe index lost $2.32/t to $117.23/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was down $2.54/t to $132.49/dmt cfr, and the KORE 58% Fe index declined $1.38/t to $106.93/dmt cfr.
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Anonymous
Very good overview of the weekly steel market.
Anonymous