21
Apr
00:59
Iron ore smashes into mid $60s
Seaborne iron ore prices had another strong day on Wednesday even though trading volumes appeared to be thinning slightly. With $70/tonne in the coming weeks a growing possibility, the timing of the coming downturn in Chinese steel prices is becoming ever more important for traders hoping not to get caught out.
The Kallanish index for 62% Fe Australian fines jumped another $3.10/t to $63.64/dry metric tonne cfr Qingdao. 110,000t of Yandi fines traded on GlobalOr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous