14
Mar
16:03
Iron ore slides on Chinese mills' production cuts
Seaborne iron ore prices fell again on Thursday, affected by news that Guangdong and Shandong steel mills are planning maintenance to reduce market supply.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $2.34/t and $2.3/t respectively on Thursday to $105.43/dry metric tonne cfr Qingdao and $117.57/dmt cfr. The KORE 58% Fe index declined $1.89/t to $93.18/dmt cfr. Sources report that 80,000t of Mac Fines were sold at $100.7/t with a laycan of 1…
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