23
Jul
07:03
Iron ore slips as BHPB hits licence limit
Seaborne iron ore prices retreated only slightly on Friday despite a downturn in Chinese steel futures prices. BHP Billiton meanwhile is still negotiating port licences which will be key to its plans to continue increasing output.
The Kallanish index for 62% Fe Australian fines dipped $0.14/t to $67.11/dry metric tonne cfr Qingdao. 170,000t of PB fines sold at $66.83/t with a laycan in 2-11 August. On the Dalian Commodity Exchange September iron ore settled down…
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Anonymous
Very good overview of the weekly steel market.
Anonymous