Seaborne iron ore prices have continued to slide alongside falling steel futures prices. Chinese steel sentiment remains weak, and along with growing expectations of a global recession, iron ore prices are being pushed slowly lower.
The Kallanish KORE 62% Fe index fell $0.83/t to $140.17/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index dropped $0.74/t to $161.38/dmt cfr, and the KORE 58% Fe index slipped $0.31/t to $133.65/dmt cfr.
On the Dalian Comm…
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