24
Apr
04:46
Iron ore slumps but rebound not over yet
Seaborne iron ore prices dropped sharply on Friday after their dramatic surge over the previous four days. Slow buying at higher prices forced offers down but another rally in steel prices this week suggests iron ore could still see gains before a more sustained decline kicks in.
The Kallanish index for 62% Fe Australian fines dipped $3.05/t to $64.33/dry metric tonne cfr Qingdao. 90,000t traded on globalOre in the MNP category for May delivery at $65.…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous