07
Apr
15:32
Iron ore steadies but outlook bleak
Seaborne iron ore prices held firm on Thursday after declining steadily in recent days. With Chinese port stocks approaching 100 million tonnes, iron ore’s outlook may continue to dim.
The Kallanish index for 62% Fe Australian fines gained $0.48/t to $52.91/dry metric tonne cfr Qingdao. 90,000 tonnes of PB fines sold on globalORE at $55/t for April delivery, just a day after 100,000t sold in tender at $53.95/t with a laycan in 19-28 April.
Many steelmak…
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Anonymous
Very good overview of the weekly steel market.
Anonymous