11
Dec
15:52
Iron ore retreats, Fitch raises forecast
The seaborne iron ore market fell on Monday as the end of the Central Economic Work Conference meant market sentiment was no longer stimulated by positive expectations for supporting policies.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $1.1/t and $1.24/t to $135.39/dry metric tonne cfr Qingdao and $147.38/dmt cfr respectively. The KORE 58% Fe index, meanwhile, was $0.04/t lower at $124.19/dmt cfr.
On the Dalian Commodity Exchange (DCE), …
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Anonymous
Very good overview of the weekly steel market.
Anonymous