19
Nov
15:44
Iron ore recovers on real estate hopes
Seaborne iron ore prices rebounded a little on Friday on positive reports from the real estate sector. Weak fundamentals however are likely to stymie any rally and port stocks continue to build at pace.
The Kallanish KORE 62% Fe index rebounded $1.07/t to $91.07/dry metric tonne cfr Qingdao on Friday, but was still down $9.68/t on-week. The Kallanish KORE 65% Fe index meanwhile gained $1.04/t to end the week down $12.64/t on-week at $106.38/dmt cfr. The KORE 58% F…
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Anonymous
Very good overview of the weekly steel market.
Anonymous