13
Mar
15:07
Iron ore turns downward again
Seaborne iron ore prices returned to negative territory on Wednesday after briefly rebounding on Tuesday. The market believes there is still no solution to the debt crisis of Chinese real estate developers.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index lost $3.22/t and $3.28/t respectively on Wednesday to $107.78/dry metric tonne cfr Qingdao and $119.87/dmt cfr. The KORE 58% Fe index declined $0.9/t to $95.08/dmt cfr. Sources report that 80,000t o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous