22
Apr
00:43
Iron ore speeds into high $60s
Seaborne iron ore prices rocketed towards $70/tonne on Thursday as buying was firmer and China’s domestic steel market continued to surge. Cargos delivered in May could be turned into saleable steel while prices are high but with June cargos starting to appear, the risk of being caught out by a fall in prices is growing.
The Kallanish index for 62% Fe Australian fines was up another $3.74/t to $67.38/dry metric tonne cfr Qingdao. 85,000t of Carajas fines t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous