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21 Aug
07:19

Iron ore moves up on buying

Seaborne iron ore prices shifted higher on Friday after a couple of deals took place on the major platforms. The general positive mood in China’s steel market remains key to firm prices, but optimism could be challenged in the coming weeks. The Kallanish index for 62% Fe Australian fines gained $0.76/t to $61.99/dry metric ton cfr Qingdao, its highest level since April. 170,000 tonnes of Standard Sinter Feed Guiaba and 80,000t in the MNP basket traded on g…
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