02
Mar
11:36
Iron ore tops $50/t as supply cuts predicted
Seaborne iron ore surged over $50/tonne again on Wednesday as sentiment continues to be buoyed by Beijing’s support for the economy and expectations that steel output could still increase further. Iron ore supply meanwhile could be steady, with Vale saying 70 million tonnes/year of capacity could close in 2016.
The Kallanish index for 62% Fe Australian fines jumped by $2.39 to reach $51.40/dry metric ton cfr Qingdao. 190,000 tonnes of PB fines traded on gl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous