19
Feb
15:15
Iron ore prices surge despite global outlook
Seaborne iron ore prices surged at the end of last week on the back of buying by Chinese steelmakers hoping to increase production. The global economic outlook remains troubled however with the OECD cutting its GDP forecasts.
The Kallanish index for 62% Fe Australian fines leapt $2.46/t to $48.03/dry metric ton cfr Qingdao on Friday, the highest it has been since early November. 135,000t of Carajas fines traded on globalORE at $52/t cfr for April delivery, while…
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Anonymous
Very good overview of the weekly steel market.
Anonymous