15
Jun
14:49
Iron ore slips but Macquarie says gloom fading
Seaborne iron ore prices slipped a little further on Wednesday amid tepid trading activity and falling steel prices and demand. Macquarie believes however that commodity fundamentals are no longer worsening.
The Kallanish index for 62% Fe Australian fines slipped back by $0.86 to reach $48.68/dry metric ton cfr Qingdao. 65% Fe Carajas fines sold on Corex at $54.5/t. 170,000 tonnes of Brazilian Blend traded on globalORE for July delivery at a floating price on We…
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Anonymous
Very good overview of the weekly steel market.
Anonymous