25
Sep
16:26
Iron ore slips despite Rio mine closure
Seaborne iron ore prices inched lower on Monday after a jump at the end of last week. Subdued Chinese steel markets weighed on prices despite the suspension of Rio’s Nammuldi mine last Friday.
The Kallanish KORE 62% Fe index slipped $1.48/t to $119.07/dry metric tonne cfr Qingdao, the lowest since 8 September. The Kallanish KORE 65% Fe index dropped $1.58/t to $128.35/dmt cfr, and the KORE 58% Fe index inched $0.18/t lower to $106.76/dmt cfr.
BHP sold 90,00…
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Anonymous
Very good overview of the weekly steel market.
Anonymous