25
Jun
09:36
Iron ore takes Brexit hit
Seaborne iron ore prices dipped towards $50/tonne on Friday as markets globally were undermined by the UK decision to leave the European Union.
The Kallanish index for 62% Fe Australian fines lost $0.91/t to $50.26/dry metric tonne cfr Qingdao. 80,000 tonnes of Jimblebar fines traded on globalORE at $49.85/t for August delivery and futures prices also closed down.
The impact of Brexit on iron ore was far less than on currency markets or some other commodities…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous