03
Mar
11:42
Iron ore dips again as steel rally stalls
Seaborne iron ore prices slipped back under $50/tonne on Thursday as the rally in steel prices stalled. Steel market fundamentals suggest a price fall is inevitable, but steelmaking margins suggest iron ore buying should continue in the short term.
The Kallanish index for 62% Fe Australian fines fell back by $2.27 to $49.13/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines traded on globalORE at $49.50/t for April delivery. The same quantity of PB fines wen…
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Anonymous
Very good overview of the weekly steel market.
Anonymous