26
Jun
15:43
Iron ore rebounds on improving sentiment
Seaborne iron ore prices rebounded fast on Wednesday as market participants expect the government to help stabilise financial markets.
The Kallanish KORE 62% Fe index and KORE 65% Fe index both surged by $3.19/t to $107.25/dry metric tonne cfr Qingdao and $122.74/dmt cfr respectively. The KORE 58% Fe index was $2.27/t higher at $93.61/dmt cfr. On public platforms, 80,000t of Newman Fines were booked at a floating price with the laycan of 26 June and 5 July.
On th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous