27
Jan
17:04
Iron ore rises on China’s recovering sentiment
Seaborne iron ore prices moved higher on Thursday as the spot market caught up with increases in futures earlier in the week. Spot trading activity remained muted as mills have completed restocking, but sentiment continues to be bolstered by expectations of Chinese spending.
The Kallanish KORE 62% Fe index increased $2.07/t to $138.15/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index gained $2.94/t to $167.23/dmt cfr, and the KORE 58% Fe index apprecia…
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Anonymous
Very good overview of the weekly steel market.
Anonymous