12
Oct
15:26
Iron ore steadies but fundamentals weak
Seaborne iron ore prices held steady on Wednesday, while increasing steel prices helped to spur more spot iron ore cargos. High Australian shipments and falling Chinese steel production mean there is nothing else currently supporting prices however.
The Kallanish index for 62% Fe Australian fines was flat on Wednesday at $56.46/dry metric ton cfr Qingdao. There was a pick-up in activity however, with globalORE seeing Newman fines sold at $57.05/t and Y…
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Anonymous
Very good overview of the weekly steel market.
Anonymous