18
May
16:35
Iron ore slides but reopening continues
Seaborne iron ore prices slipped again on Wednesday despite further signs of post-Covid-lockdown opening up and policy support. One policy in particular could support rural automotive demand.
The Kallanish KORE 62% Fe index fell $0.64/t to $130.91/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index dropped $0.75/t to $154.89/dmt cfr, but the KORE 58% Fe index gained $0.42/t to $120.42/dmt cfr. 90,000 tonnes of Jimblebar Fines sold at a floating price.
O…
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Anonymous
Very good overview of the weekly steel market.
Anonymous