16
Apr
09:47
Iron ore slump continues
Seaborne iron ore prices fell again on Friday as sentiment turned bearish. After dramatic prices hikes at the start of the week both steel and iron ore buying slowed.
The Kallanish Index lost $1.14/t on Friday to $56.75/dry metric ton cfr Qingdao. PB fines sold on Corex at $57.5/t. That compared with a tender the previous day in which 170,000 tonnes of PB fines went for $58.59/t with a laycan in 2-11 May. A combo shipment of 110,000t of Jimblebar and another 90,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous