08
Mar
16:22
Iron ore turns down in struggling market
Seaborne iron ore prices turned lower on Friday, with iron ore futures selling off.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $2.27/t and $2.25/t respectively on Friday to $116.6/dry metric tonne cfr Qingdao and $128.44/dmt cfr. The KORE 58% Fe index declined by $2.79/t to $104.78/dmt cfr. Sources report that 90,000 tonnes of Newman Fines were sold at $115.6/t with the laycan of 1-10 April.
On the Dalian Commodity Exchange (DCE), the mos…
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Anonymous
Very good overview of the weekly steel market.
Anonymous