03
Aug
21:42
Iron ore slips gently in quiet market
Seaborne iron ore prices steadied on Wednesday as trading was once again quiet. Movements in both the iron ore and Chinese steel futures markets continue to shadow each other with movement in one invariably leading to similar change in the other.
The Kallanish index for 62% Fe Australian fines slipped back slightly by $0.25 to $59.18/dry metric ton cfr Qingdao. There were no trades on major platform globalORE for the second successive day and no details of other…
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Anonymous
Very good overview of the weekly steel market.
Anonymous