24
Feb
13:08
Iron ore slips further
Seaborne iron ore prices lost a little more ground on Wednesday as the recent price rebound continued to lose steam. Prices could remain firm as long as steelmakers are restarting production, but when the steel market turns, iron ore will have to give ground once more.
The Kallanish index for 62% Fe Australian fines fell back to $47.75/dry metric ton cfr Qingdao. Two index-linked shipments were traded on globalORE. 100,000 tonnes of PB fines sold at a $2.55/tonn…
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Anonymous
Very good overview of the weekly steel market.
Anonymous