05
Mar
15:15
Iron ore struggles amid industry restructuring proposal
The seaborne iron ore market fell slightly on Tuesday, with the steel market seeing limited impact from the "Two Sessions" meeting held in Beijing this week.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index declined by $0.13/t and $0.31/t respectively on Tuesday to $117.57/dry metric tonne cfr Qingdao and $129.72/dmt cfr. The KORE 58% Fe index dropped $0.2/t to $105.48/dmt cfr. Sources report that 90,000 tonnes of Mac Fines were sold at $11…
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Anonymous
Very good overview of the weekly steel market.
Anonymous