31
Jul
12:19
Iron ore ends week on the back foot
Seaborne iron ore prices dipped on Friday following almost a week of steady day-on-day increases. Trading was generally quiet and the price fall arrived in tandem with a similar slowing of sentiment in the Chinese steel sector (see separate article).
The Kallanish index for 62% FE Australian fines fell by $2.19 on Friday to $56.50/dry metric ton cfr Qingdao. There was one index linked transaction on globalORE involving 90,000 tonnes of 62% MAC fines. Iron ore fu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous