16
Feb
14:24
Iron ore prices up but so are stocks
Seaborne iron ore prices gained further after Chinese lending figures spurred hopes of greater support for the economy. Sharp growth in iron ore port stocks however highlights the need for sustained higher steel production for iron ore prices to be maintained at current levels.
The Kallanish Index for 62% Fe Australian fines was up another $1.34/t at $44.97/dry metric ton cfr Qingdao. On Monday, 170,000t of PB fines sold in tender at $45.67/t with a February 28-…
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Anonymous
Very good overview of the weekly steel market.
Anonymous