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17 Nov

Iron ore ends week of gains

The seaborne iron ore market revised down last week's gains on Friday, with blast furnace operating rates declining and imported iron ore inventories rising slightly. The Kallanish KORE 62% Fe index and the KORE 65% Fe index both declined on Friday by $2.63/t and $3.26/t respectively to $129.97/dry metric tonne cfr Qingdao and $140.34/dmt cfr. The KORE 58% Fe index meanwhile was $3.61/t lower at $119.06/dmt cfr. 90,000t of Mac fines were sold at $128/t with a …
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