26
May
15:10
Iron ore recovers while Karara thrown lifeline
Seaborne iron ore prices pulled up slightly on Thursday but were still marginally below $50/t. The troubled Karara iron ore mine was thrown a lifeline by majority owner Anshan Iron and Steel (Angang) which could see production continue at the loss-making mine.
The Kallanish index for 62% Fe Australian fines rose by $0.47 to $49.40/dry metric ton cfr Qingdao. 170,000 tonnes of Brazilian Blend traded on globalORE at a floating price. 170,000t of PB fines had sold …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous