28
May
05:33
Iron ore rebounds for now
Seaborne iron ore prices recovered to over $50/tonne again on Friday as Chinese steel prices rebounded. Rising iron ore port stocks and falling production mean prices are likely to hover around $50/t before falling slightly further.
The Kallanish index for 62% Fe Australian fines recovered $0.85/t to $50.25/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines traded on globalORE for July delivery at $51.50/t. Another combo shipment traded at a floating price w…
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Anonymous
Very good overview of the weekly steel market.
Anonymous