16
Mar
11:04
Iron ore slows descent but outlook bleak
Seaborne iron ore prices managed to stabilise slightly on Wednesday after retreating steadily from highs last week. Analysts still expect a weak second half of the year after the current seasonal uptick in Chinese steel demand ends.
The Kallanish index for 62% Fe Australian fines dipped to $52.71/dry metric ton cfr Qingdao. A quantity of 110,000 tonnes in the MNP category traded on globalORE at $53/t cfr Qingdao for April delivery. A further volume of 90,000t of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous