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19 Sep

Iron ore rebounds, Chinese ore output gains

The seaborne iron ore market rebounded slightly on Tuesday. Mills continue to restock, and apparently expect to continue producing at high levels after the National Day holiday. The Kallanish KORE 62% Fe index and the KORE 65% Fe index gained $0.6/t and $0.64/t on Tuesday to $124.3/dry metric tonne cfr Qingdao and $133.55/dmt cfr respectively. The KORE 58% Fe index menawhile surged by $3.12/t to $111.65/dmt cfr. 80,000t of Mac fines were sold at $120.7/t and…
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