18
Apr
16:06
Iron ore slows on demand concerns
Seaborne iron ore prices slowed their gains on Thursday, with steel market sentiment retreating as traders are still awaiting stronger demand.
The Kallanish KORE 62% Fe index and KORE 65% Fe index gained by $0.53/t and $0.6/t respectively to $115.82/dry metric tonne cfr Qingdao and $128.32/dmt cfr. The KORE 58% Fe index was $0.57/t higher at $104.4/dmt cfr.
Sources report that 90,000 tonnes of Mac Fines and 100,000t of Newman Fines were respectively booked at $11…
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Anonymous
Very good overview of the weekly steel market.
Anonymous