20
Apr
16:38
Iron ore gains as Vale cuts
Seaborne iron ore prices strengthened further on Monday, ignoring plummeting oil prices and weak steel futures. Weak first-quarter production from Vale helped support sentiment, even though other miners continue to report steady output.
The Kallanish KORE 62% Fe index gained $1.22/tonne to $85.95/dry metric ton cfr Qingdao. The Kallanish KORE 65% Fe index meanwhile increased $1.04/t to $101.24/dmt cfr Qingdao, and the KORE 58% Fe index was up $1.06/t to $76.14/dmt…
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Anonymous
Very good overview of the weekly steel market.
Anonymous