04
Aug
16:41
Iron ore slumps on weak sentiment
Seaborne iron ore prices continued with significant declines on Thursday. Iron ore demand has fallen under pressure from rumours of production curbs.
The Kallanish KORE 62% Fe index lost $3.45/t to $106.2/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was down $3.85/t to $117.2/dmt cfr, and the KORE 58% Fe index declined $1.77/t to $99.57/dmt cfr. Two 90,000t cargos of Mac fines with 60.8% Fe content were booked at $97/dmt for sh…
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Anonymous
Very good overview of the weekly steel market.
Anonymous