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24 Jun

Iron ore steadies but demand is falling

Seaborne iron ore prices steadied a little at the end of last week after their dramatic declines at the start of the week. Although inventories are still falling, weaker iron ore demand is becoming apparent and is putting pressure on prices. The Kallanish KORE 62% Fe index increased $0.68/t on Friday, but was down $6.88/t over the week, to $117.27/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index inched $0.03/t lower to $135.22/dmt cfr, and the KORE 58…
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