01
Mar
00:13
Iron ore steady as stocks creep upwards
Seaborne iron ore prices moved little on Monday, cementing their current position below $50/tonne. Iron ore port stocks in China creeped up only slightly last week, suggesting margins are still encouraging steelmakers to boost output.
The Kallanish index for 62% Fe Australian fines was up $0.05/t on Monday at $48.03/dry metric tonne cfr Qingdao. 170,000t of PB fines traded on GlobalOre at a $2.8/t premium to the Platts 62% Iodex for April delivery.
Iron ore p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous