13
Oct
15:36
Iron ore sinks but low-Fe grade holds
Seaborne iron ore prices sank on Tuesday as steelmaker costs came under pressure from rising domestic coking coal prices. Low Fe products, however, have been less affected as mills are turning to them to offset expected higher coal costs.
The Kallanish KORE 62% Fe index lost $2.91/t to $120.70/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index fell $2.69/t to $132.32/dmt cfr, but the KORE 58% Fe index gained $0.40/t to $112.28/dmt cfr. 170,000 tonnes of…
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