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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