27
Nov
16:12
Iron ore corrects higher as FMG pushes product
Seaborne iron ore prices rebounded a little on Tuesday in a correction after Monday’s rout. Australia's Fortescus Metals Group (FMG) meanwhile has been showing off its new product to investors.
The Kallanish KORE 62% Fe index rebounded $0.46/tonne to $65.17/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange January 2019 iron ore settled down CNY 16.5/t at CNY 467/t ($67.31/t), while on the Singapore Exchange December 62% Fe futures …
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Anonymous
Very good overview of the weekly steel market.
Anonymous