20
Apr
01:04
Iron ore tops $60 on steel rally
Seaborne iron ore prices increased again on Tuesday, reaching over $60/tonne for the first time since early March. Some pundits have begun saying iron ore could hit $70/t before the next drop, with signs of further cycles of pushing up steel prices, but the stability of the current rally still remains in doubt.
The Kallanish index for 62% Fe Australian fines was up another $1.08/t on Tuesday to $60.54/dry metric tonne cfr Qingdao. 170,000t of PB fines traded on …
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Anonymous
Very good overview of the weekly steel market.
Anonymous