18
Jan
16:41
Iron ore rebounds on sentiment boost
Seaborne iron ore prices ticked higher again on Tuesday as Chinese ferrous markets responded to credit easing. Moves to allow a looser interbank credit market raised hopes of easier funding for steel-intensive projects.
The Kallanish KORE 62% Fe index increased $1.60/t to $129.95/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index gained $1.30/t to $156.60/dmt cfr, and the KORE 58% Fe index was up $2.83/t to $102.84/dmt cfr. 80,000 tonnes of Yandi Fines …
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Anonymous
Very good overview of the weekly steel market.
Anonymous