02
Feb
00:38
Iron ore barely rises as typhoon batters Australia
Seaborne iron ore prices saw only a marginal increase on Monday after a cyclone forced a short closure of Australian iron ore ports over the weekend. The end of Chinese iron ore restocking and general oversupply suggests iron ore should be weaker than steel in the short term.
The Kallanish index for 62% Fe Australian fines gained just $0.04/t to $42.43/dry metric tonne cfr Qingdao. Two 190,000t cargos of PB fines traded on GlobalOre for March delivery, one at $4…
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Anonymous
Very good overview of the weekly steel market.
Anonymous