23
Feb
13:27
Iron ore pulls back, currency limits miner gains
Seaborne iron ore prices slipped on Tuesday as bullish sentiment in the market began to moderate. A rebound in the Australian dollar over recent weeks meanwhile may have limited some of the boost to miner margins from higher prices.
The Kallanish index for 62% Fe Australian fines fell back by $0.49 to $48.96/dry metric ton cfr Qingdao. Coking coal prices meanwhile seemed up very slightly, with 75,000t of hard coking coal trading on globalCOAL at $76.75/t fob Aus…
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Anonymous
Very good overview of the weekly steel market.
Anonymous