10
Feb
00:00
Iron ore prices rebound as steel output slows
Iron ore prices rebounded strongly on Tuesday as buying again picked up on the globalORE platform. While Chinese crude steel production fell, weak economic data gave rise to some hope of government support for growth, Kallanish notes.
The Kallanish index for 62% Fe Australian fines jumped by $1.82 to $63.25/dry metric tonne cfr Qingdao on 10 February. Four deals were concluded on the globalORE platform, all cfr Qingdao for March delivery, showing prices incr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous