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17 Jun

Iron ore slumps as BF margins narrow

Seaborne iron ore prices continued to be routed on Friday. Futures prices fell sharply and spot prices followed as confidence ebbed from China’s steel markets. The Kallanish KORE 62% Fe index fell another $5.31/t on Friday and $17.70/t over the week to $124.15/dry metric tonne cfr Qingdao, the lowest since 4 January. The Kallanish KORE 65% Fe index dropped $5.71/t on Friday and $18.48/t on-week to $144.55/dmt cfr, and the KORE 58% Fe index dipped $2.38/t on …
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