26
Nov
16:50
Iron ore turns down despite strong week
Seaborne iron ore prices turned downwards on Friday after increasing through most of the week. Fundamentals remain weak, with steel output low and port stocks increasing.
The Kallanish KORE 62% Fe index fell $1.68/t to $99.57/dry metric tonne cfr Qingdao, but this was up $8.50/t on-week. The Kallanish KORE 65% Fe index dropped $1.65/t to $114.96/dmt cfr, and the KORE 58% Fe index fell $1.69/t to $69.81/dmt cfr, up $8.58/t and $5.23/t on-week respectively.
O…
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Anonymous
Very good overview of the weekly steel market.
Anonymous