29
May
15:59
Iron ore gains despite China reiterating output control
Seaborne iron ore prices rebounded on Wednesday despite China reiterating it would control crude steel output this year.
The Kallanish KORE 62% Fe index and KORE 65% Fe index each rebounded by $1.13/t to $119.24/dry metric tonne cfr Qingdao and $133.73/dmt cfr, respectively. The KORE 58% Fe index, meanwhile, was $1.15/t higher at $106.23/dmt cfr.
Cargoes comprising 80,000 tonnes and 90,000t of Newman Fines were sold at $116.55/t and $116.6/t, respectively, with t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous