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28 Jun

Iron ore rises despite underlying problems

Seaborne iron ore prices ticked higher again on Tuesday, with sentiment in Chinese steel markets gradually stabilised. Further stimulus is expected, but China has yet to deal with the underlying problems in the economy. The Kallanish KORE 62% Fe index gained $0.62/t to $126.52/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index increased $0.54/t to $144.20/dmt cfr, but the KORE 58% Fe index dropped $0.48/t to $117.18/dmt cfr. On the Dalian Commodity Exc…
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