30
Aug
23:48
Iron ore slips into a new range
Seaborne iron ore prices settled slightly lower yesterday despite some deals being signed. Prices are now ready to hold in the high $50s until China’s steel market decides how to react to a weak recovery of steel demand.
The Kallanish index for 62% Fe Australian fines dropped $0.31/t to $58.31/dry metric tonne cfr Qingdao. 170,000t of Brazilian Blend sold over GlobalOre at a floating price for September delivery.
There have been a slow but steady string…
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Anonymous
Very good overview of the weekly steel market.
Anonymous