27
Mar
15:30
Iron ore falls amid contrasting rumours
Seaborne iron ore prices continued to fall on Wednesday, with Chinese steel mills' production resumption plans becoming the main force to hit market confidence.
The Kallanish KORE 62% Fe index and KORE 65% Fe index lost $3.49/t and $3.58/t respectively on Wednesday to $102.32/dry metric tonne cfr Qingdao and $114.65/dmt cfr. The KORE 58% Fe index declined by $2.89/t to $91.63/dmt cfr. Sources report that 90,000 tonnes of Newman Fines were booked at $100.2/t wi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous