29
May
20:21
Iron ore rebounds despite economic concerns
Seaborne iron ore prices rebounded on Friday. Port stocks continue to decline, but concerns continue over Covid-19 restrictions and the slow economic recovery.
The Kallanish KORE 62% Fe index gained $2.42/t on Friday to $133.38/dry metric tonne cfr Qingdao, but was up only $2.15/t from the previous Friday. The KORE 65% Fe index was up 2.34/t on the day and up $2.07/t on-week to $157.27/dmt cfr. The KORE 58% Fe index gained $1.22/t on Friday and $2.46/t on-week to …
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Anonymous
Very good overview of the weekly steel market.
Anonymous