01
Mar
12:09
Iron ore gains again while supply picks up
Seaborne iron ore prices increased again on Tuesday but remained in their range just below $50/tonne. Although prices and sentiment have been bolstered by China’s support for its economy, higher shipments from Australia and reduced taxes in India suggest supply is likely to outpace demand.
The Kallanish index for 62% Fe Australian fines rose by $0.98 to $49.01/dry metric ton cfr Qingdao. Two index-linked mixed cargos traded on globalORE for April delivery.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous