11
Aug
15:49
Iron ore prices rebound despite higher port inventories
Seaborne iron ore prices are rising slightly, driven by replenishment demand. Local governments in China have begun to cooperate with developers to stimulate confidence in the real estate market.
The Kallanish KORE 62% Fe index gained $0.45/tonne to $110.67/dry metric tonne cfr Qingdao on Thursday. The Kallanish KORE 65% Fe index was $0.41/t higher to $123.59/dmt cfr, but the KORE 58% Fe index was down $0.17/t to $100.61/dmt cfr.
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Anonymous
Very good overview of the weekly steel market.
Anonymous