28
Aug
01:00
Iron ore prices rebound but currencies cut support
Seaborne iron ore prices recovered on Friday, erasing some of the losses from earlier in the week. Expectations of a lower Australian dollar as China’s slowdown continues means cost support is likely to fall further through the year however.
The Kallanish index for 62% Fe Australian fines upticked for the second successive day by $1.10 to $53.13/dry metric ton cfr Qingdao. Two cargos of 170,000 tonnes each of PB fines traded on globalORE for October de…
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Anonymous
Very good overview of the weekly steel market.
Anonymous