23
Jun
18:40
Iron ore slides as Baowu closes on Simandou
Seaborne iron ore prices fell on Tuesday, prompting further buying. Baowu Group meanwhile is moving to develop the Simandou iron ore deposit in West Africa.
The Kallanish KORE 62% Fe index fell $1.38/t to $101.98/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index dropped $0.65/t to $114.76/dmt cfr, while the KORE 58% Fe index gained $2.63/t to $96.dmt cfr. 100,000t of Newman Fines, 70,000t of Newman Lump, 90,000t of Jimblebar Fines and 80,000t of Yandi F…
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Anonymous
Very good overview of the weekly steel market.
Anonymous