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20 Jun

Iron ore struggles with unclear expectations

Seaborne iron ore prices struggled on Thursday, affected by price wrangling between coking coal companies and steel mills. The Kallanish KORE 62% Fe index and KORE 65% Fe index lost $0.12/t but rose $0.04/t respectively to $107.66/dry metric tonne cfr Qingdao and $123/dmt cfr. The KORE 58% Fe index was $0.12/t higher at $94.79/dmt cfr. On public platforms, 170,000t of PB Fines were booked at $107.8/t with a laycan of 28 July and 6 August. Meanwhile, 100,000t of Ma…
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