23
May
16:59
Iron ore steadies on Indian duties
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Seaborne iron ore prices firmed on Monday. Chinese futures prices jumped on news that India would impose export duties, but overseas markets were waiting to see how things play out.
The Kallanish KORE 62% Fe index gained $0.43/t to $131.66/dry metric tonne cfr Qingdao. The Kallanish KROE 65% Fe index increased $0.38/t to $155.58/dmt cfr, and the KORE 58% Fe index appreciated $0.40/t to $118.77/dmt cfr.
On the Dalian Commodity Exchange, September iron ore settled …
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