02
Aug
15:40
Iron ore prices continue to uptick
Seaborne iron ore prices continued on an upward curve on Tuesday as steel market confidence in China appears to be strengthening. Unconfirmed rumours of a potential merger between major steelmakers Hegang and Shougang (see separate article) may well have given sentiment a boost.
The Kallanish index for 62% Australian fines upticked again by $1.07 to $59.43/dry metric ton cfr Qingdao. There were no trades on globalORE but 170,000 tonnes of PB fines traded at $60.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous