12
Jul
15:17
Iron ore spikes despite supply boost
Seaborne iron ore prices surged on Tuesday on the prospect of strong Chinese steel output as steel prices gained rapidly. Iron ore supply continues to increase however with Roy Hill boosting shipments from Port Hedland.
The Kallanish index for 62% Fe Australian fines jumped $2.47/t or 4.57% to $56.48/dry metric ton cfr Qingdao. 155,000 tonnes of Standard Sinter Feed Guiaba sold on globalORE at $58.50/t for August delivery, while Carajas fines traded on Corex at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous