14
Jan
16:43
Iron ore slides as bullishness fades
Seaborne iron ore prices pulled back again on Friday but were still very slightly higher over the week. The bullishness of the first week of the year has worn off, with prices expected to come under pressure to decline.
The Kallanish KORE 62% Fe index dropped $0.83/t to $129.49/dry metric tonne cfr Qingdao, but was still up $0.25/t on-week. The Kallanish KORE 65% Fe index fell $0.92/t to $156.79/dmt cfr on Friday, but was up $2.17/t on-week. The KORE 58% Fe index …
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