18
Mar
08:56
Iron ore rises while Chinese import licences reduce
Seaborne iron ore prices gained on Friday as mills continue buying. Chinese Iron ore import licenses are down -41.41% month-on-month to 84.92 million tonnes in February 2016, according the China Iron and Steel Association (CISA), suggesting there may be limitations on supply.
The Kallanish index for 62% Fe Australian fines rose again by $1.34 to $56.04/dry metric ton cfr Qingdao. 170,000t of PB fines traded on globalORE at $57/t cfr Qingdao for April delivery. 1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous