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27 Mar

Iron ore recovers despite production cut concerns

Seaborne iron ore prices returned to an upward trend on Monday with less iron ore arriving at Chinese ports last week. The Kallanish KORE 62% Fe index gained $0.37/t on Monday to $122.09/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index rose $0.42/t at $138.05/dmt cfr, and the KORE 58% Fe index reached $0.26/t higher to $114.08/dmt cfr. On the Dalian Commodity Exchange, May iron ore gained CNY 11.5/t ($1.67/t) t…
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