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27 Jan

Iron ore steadies

Seaborne iron ore prices steadied on Wednesday after the sharp drop on Tuesday. They were supported by firmer Chinese futures markets. The Kallanish KORE 62% Fe index rebounded $0.36/t to $164.82/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index gained $0.35/t to $186.57/dmt cfr, and the KORE 58% Fe index fell $0.12/t to $153.78/dmt cfr. On the Dalian Commodity Exchange May iron ore settled down CNY 9/t at CNY 1,035/t ($159.79/t), but traded steadily h…
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