01
Jun
16:34
Iron ore slumps despite BHPB fire
Seaborne iron ore prices slumped further on Thursday despite a fire breaking out at one of the largest iron ore mines in the Pilbara. With plenty of supply in the market, it will take a very significant stoppage now to lift prices back over $60/t.
The Kallanish index for 62% Fe Australian fines dropped another $1.43/tonne to $55.71/dry metric ton cfr Qingdao, the lowest level since 7 October 2016.. 170,000 tonnes of PB fines was sold at $55.21/t with a layc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous