27
Apr
16:44
Iron ore settles to await stimulus policies
Seaborne iron ore prices were settling into a new range on Wednesday. Markets expect stimulus, and pro-growth officials appear to be gaining influence due to politics rather than economics.
The Kallanish KORE 62% Fe index slipped $0.71/t to $141.69/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index fell $0.35/t to $165.87/dmt cfr, and the KORE 58% Fe index dropped $4.45/t to $124.60/dmt cfr. 170,000 tonnes of PB Fines sold at $138/t with a laycan in 4-1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous