03
Feb
13:52
Iron ore slips as China sets GDP range
Seaborne iron ore prices slipped back on Wednesday while remaining within their low $40s range. China meanwhile set its first GDP growth target range at 6.5-7%, in line with expectations.
The Kallanish index for 62% Fe Australian fines dipped by $0.62 to $42.17/dry metric ton cfr Qingdao. A 90,000 tonne cargo traded on GlobalOre in the MNP category at $41/t for delivery in the second quarter.
China’s new GDP target was set at a range, leading some to su…
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Anonymous
Very good overview of the weekly steel market.
Anonymous