11
May
12:30
Iron ore firms on continued buying
Seaborne iron ore prices firmed slightly on Wednesday after beginning to stabilise on Tuesday. Continued buying helped restore some confidence, although many deals took place index-linked as there is still some uncertainty over how prices will develop in the coming weeks.
The Kallanish index for 62% Fe Australian fines upticked by $0.75 to $54.18/dry metric ton cfr Qingdao. There were a flurry of deals on globalORE. 190,000 tonnes of PB fines traded at $56.15/to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous