04
Jun
15:46
Iron ore drops amid disappointment
Seaborne iron ore prices continued to fall on Tuesday due to depressed market sentiment. Meanwhile, lower prices also led to active transactions.
The Kallanish KORE 62% Fe index and KORE 65% Fe index each slumped by $2.2/t and $1.67/t to $107.69/dry metric tonne cfr Qingdao and $123.23/dmt cfr, respectively. The KORE 58% Fe index was $9.42/t lower at $94.72/dmt cfr.
90,000t and 100,000t of Newman Fines were sold at $105.3/t and $105.1/t respectively with shipment…
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Anonymous
Very good overview of the weekly steel market.
Anonymous