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29 Feb

Iron ore turns into gains

Seaborne iron ore prices corrected slightly higher on Thursday, with trading activity in the spot market lower than in previous trading days this week. The Kallanish KORE 62% Fe index and the KORE 65% Fe index increased by $0.29/t and $0.26/t respectively on Thursday to $118.52/dry metric tonne cfr Qingdao and $131.27/dmt cfr. The KORE 58% Fe index gained $1.06/t to $107/dmt cfr. Sources reported there was an offer for 65% Carajas Fines at $129.8/t on Thursda…
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