12
May
17:13
Seaborne iron ore prices dropped again on Thursday as confidence continues to seesaw. A State Council meeting on Wednesday emphasised jobs and infrastructure, but steel markets were disappointed there was not more stimulus on offer.
The Kallanish KORE 62% Fe index fell $3.37/t to $130.14/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index dropped $3.32/ to $154.43/dmt cfr, and the KORE 58% Fe index lost $0.42/t to $120.09/dmt cfr.
On the Dalian Commodit…
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