01
Jun
13:10
Iron ore stable as Rio confirms expansions
Seaborne iron ore prices stabilised on Wednesday after falls earlier in the week. Rio Tinto has won approval for two Australian expansion projects however, ensuring high supply can be sustained for years to come.
The Kallanish index for 62% Fe Australian fines slipped to $49.06/dry metric ton cfr Qingdao. Two index-linked cargos traded on globalORE for July delivery, 150,000 tonnes of Carajas fines and a combo shipment of 80,000t of Jimblebar and 90,000t of Yand…
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Anonymous
Very good overview of the weekly steel market.
Anonymous