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06 Feb

Iron ore retreats with lower output

Seaborne iron ore prices fell on Tuesday as Chinese hot metal production fell towards the holiday. The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $2.44/t and $1.57/t respectively on Tuesday to $126.55/dry metric tonne cfr Qingdao and $139.32/dmt cfr. The KORE 58% Fe index meanwhile declined by $1.36/t to $116.32/dmt cfr. 170,000t of BRBF Fines and 80,000t of Newman Fines were each booked at $127.05/t and $125.55/t with laycans of 12-21 March and 11…
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