03
Jun
14:59
Iron ore slides, Shougang offloads Koolan offtake agreement
Seaborne iron ore prices fell further on Monday, sliding closer to the mid-90s. Mt Gibson, meanwhile, has announced a switch in offtake agreement which could put more of its high-grade fines on the spot market.
The Kallanish KORE 62% Fe index dropped $0.43/t to $98.07/dry metric tonne cfr Qingdao. On COREX, 90,000t of Jimblebar fines sold at a floating price. On the Dalian Commodity Exchange September iron ore settled down CNY 18.5/t at CNY 716/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous