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21 Jun

Iron ore rebounds but nerves frayed

Seaborne iron ore prices picked up slightly on Tuesday as futures prices rebounded from their dramatic fall on Monday. Market confidence remains weak, however, with little hope for Chinese steel demand in the immediate future. The Kallanish KORE 62% Fe index rebounded $1/t to $17.23/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index regained $1.05/t to $136.88/dmt cfr, and the KORE 58% Fe index fell $2.94/t to $115.32/dmt cfr. 170,000 tonnes of PB Fines…
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