23
Dec
11:30
Iron ore dips further on steel demand fall
Seaborne iron ore prices dipped slightly again on Wednesday, the last day of assessment before Christmas. Reports that Chinese steel production could keep falling mean little hope of another push into the $40s.
The Kallanish index for 62% Fe Australian fines slipped by $0.29 to $39.57/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold in a tender at $40.31/t cfr with a laycan of 5-14 January. Two index linked cargos traded on globalORE for February deli…
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Anonymous
Very good overview of the weekly steel market.
Anonymous