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14 Jun

Iron ore slides amid economic pessimism

Seaborne iron ore prices have continued to slide alongside falling steel futures prices. Chinese steel sentiment remains weak, and along with growing expectations of a global recession, iron ore prices are being pushed slowly lower. The Kallanish KORE 62% Fe index fell $0.83/t to $140.17/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index dropped $0.74/t to $161.38/dmt cfr, and the KORE 58% Fe index slipped $0.31/t to $133.65/dmt cfr. On the Dalian Comm…
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