10
Apr
01:00
Iron ore prices hover as Australian minister hints at intervention
Seaborne iron ore prices ended the week relatively flat considering the drama in Australia. The closure of Atlas Iron even prompted the West Australian premier to make controversial comments, appearing to suggest a state intervention in the ore market, Kallanish notes.
The Kallanish index for 62% Fe Australian fines moved downwards, but only just, by $0.12 to sit at $47.22/dry metric ton cfr Qingdao. Four deals took place on the globalOre platform. 170,000 t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous