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03 Feb

Iron ore prices turn to increase

Seaborne iron ore prices rebounded on Friday from recent losses, with a gradual recovery in blast furnace output expected to support raw material values. The Kallanish KORE 62% Fe index gained $0.34/t on Friday to $126.28/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.37/t higher at $141.48/dmt cfr, and the KORE 58% Fe index lost $0.56/t to $113.71/dmt cfr. 170,000 tonnes of PB fines were sold at $124.65/t with a laycan be…
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