06
Jan
17:14
Iron ore gains further despite weak December output
Seaborne iron ore prices advanced strongly on Thursday on continued expectations of a recovery in steel output. Data shows a decline in output at the end of December, but restrictions have eased with the start of the year.
The Kallanish KORE 62% Fe index jumped $4.94/tonne to $129.72/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index increased $6.25/t to $154.94/dmt cfr, and the KORE 58% Fe index gained $3.26/t to $99.57/dmt cfr. Two 80,000t cargos of Y…
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Anonymous
Very good overview of the weekly steel market.
Anonymous