28
Apr
17:11
Iron ore holds despite stimulus promise
Seaborne iron ore prices remain in a holding pattern, as are domestic scrap and billet prices. This is despite continued promises of further stimulus.
The Kallanish KORE 62% Fe index recovered $0.71/t to $142.40/dry metric tonne cfr Qingdao on Thursday. The Kallanish KORE 65% Fe index gained $0.79/t to $166.66/dmt cfr, and the KORE 58% Fe index appreciated $1.62/t to $126.22/dmt cfr.
On the Dalian Commodity Exchange, September iron ore settled up CNY 12/t at CNY …
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Anonymous
Very good overview of the weekly steel market.
Anonymous