05
May
13:07
Iron ore slump continues while Rio ramps up
Seaborne iron ore prices were still being dragged down by steel on Thursday. Rio Tinto remains undeterred however, announcing it will ramp up output to its 360 million tonnes/year Pilbara logistics capacity. April iron ore exports from Australia’s Pilbara meanwhile remained firm (see separate article).
The Kallanish index for 62% Fe Australian fines slipped again by $0.58 to $57.81/dry metric ton cfr Qingdao. The spot market remained remarkably quiet as bu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous