29
Sep
00:54
Iron ore steadies as OPEC supports oil prices
Seaborne iron ore prices were steadier on Wednesday and are now unlikely to slip out of their current range until after the Chinese National Day holiday over 1-7 October. An OPEC agreement to cut crude oil output meanwhile is supporting commodity markets generally and could boost miners’ costs.
The Kallanish index for 62% Fe Australian fines gained $0.17/t to $55.72/dry metric tonne cfr Qingdao. 170,000t of PB fines sold in tender at $56.03/t with a laycan…
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Anonymous
Very good overview of the weekly steel market.
Anonymous