16
May
18:45
Iron ore inches higher on reopening hopes
Seaborne iron ore prices inched higher on Monday as Shanghai announced a rough post-Covid-lockdown reopening timeline, thereby pushing futures prices higher. However, economic data released on Monday continues to show the country stumbling away from its targets for the year.
The Kallanish KORE 62% Fe index gained $0.43/t to $131.96/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index appreciated $0.44/t to $156/dmt cfr, and the KORE 58% Fe index slipped $…
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Anonymous
Very good overview of the weekly steel market.
Anonymous