23
Mar
11:18
Iron ore slides on slower buying
Seaborne iron ore prices slipped a little on Wednesday despite higher Chinese steel prices. After intensive restocking in recent weeks, mills now need to buy less ore despite still planning some more increases in production.
The Kallanish index for 62% Fe Australian fines edged down slightly to $56.34/dry metric ton cfr Qingdao. 90,000 tonnes of Newman fines traded on globalORE at a $2.65/t premium to the Platts 62% Iodex.
Chinese economic sentiment is contin…
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