28
Nov
16:13
Iron ore struggles under supply pressure
Seaborne iron ore prices struggled to edge higher on Monday, with positive macro news from the Chinese market boosting sentiment.
The Kallanish KORE 62% Fe index gained $0.18/t on Monday to $100.24/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.46/t higher at $111.95/dmt cfr, and the KORE 58% Fe index rebounded $0.47/t to $87.23/dmt cfr. A 90,000t and a 80,000t cargo of Mac fines were sold at $94.55/t and $94.6/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous