17
Mar
11:31
Iron ore rebounds as buying continues
Seaborne iron ore prices regained some lost ground on Thursday. Stronger sentiment was lifting commodity prices across the board and steelmakers are still increasing output, but those supports could vanish much more quickly than they appeared.
The Kallanish index for 62% Fe Australian fines rose by $1.99 to $54.70/dry metric ton cfr Qingdao. Two cargos of PB fines traded on globalORE for April delivery. 100,000 tonnes traded in the morning at $55/t cfr Qingdao, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous