Seaborne iron ore prices have been driven higher by spot trading, with lower-Fe products recovering as mills face less capacity pressure.
The Kallanish KORE 62% Fe index increased $1.71/t to $134.52/dry metric tonne cfr Qingdao, and the Kallanish KORE 65% Fe index gained $1.96/t to $161.72/dmt cfr. The KORE 58% Fe index meanwhile jumped $3.59/t to $109.41/dmt cfr, the highest level since early September. Two 90,000-tonne cargos of Yandi Fines sold at floating pric…
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