08
Sep
01:00
Iron ore rebounds as China imports slide
Seaborne iron ore prices recovered slightly on Tuesday as mills bought supply for the final quarter of the year. China's iron ore imports were down in August, allowing inventories to fall, but volumes are already rebounding.
The Kallanish index for 62% Fe Australian fines upticked slightly by $0.32 to reach $51.84/dry metric ton cfr Qingdao. There were five index-linked deals on globalORE, all for October delivery. 70,000 tonnes of PB fines traded at a $…
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Anonymous
Very good overview of the weekly steel market.
Anonymous