02
May
19:45
Iron ore stable as Covid undermines stimulus
Seaborne iron ore prices are stable over the Labour Day holiday in China and elsewhere. Chinese manufacturing PMIs, however, have highlighted the negative impact of Covid, which is continuing to spread in Beijing and other cities.
The Kallanish KORE 62% Fe index slipped $0.04/tonne to $142.31/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index inched $0.03/t higher to $167.14/dmt cfr, and the KORE 58% Fe index increased $0.73/t to $126.99/dmt cfr. Both t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous