13
May
17:53
Iron recovers on port stock drop
Seaborne iron ore prices rebounded a little on Friday as port stocks have drawn down sharply. The outlook remains clouded however and troubles have been brewing again in the real estate sector.
The Kallanish KORE 62% Fe index gained $1.39/t to $131.53/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index increased $1.13/t to $155.56/dmt cfr, and the KORE 58% Fe inched $0.17/t higher to $120.25/dmt cfr. 90,000 tonnes of Mac Fines sold at $121.10/t with a la…
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Anonymous
Very good overview of the weekly steel market.
Anonymous