22
Apr
16:53
Iron ore drifts but scrap remains tight
Seaborne iron ore prices drifted on Thursday, but Chinese scrap prices have continued to pick up. In addition to strong steel margins, uncertainty disruptions at Vale may support iron ore prices.
The Kallanish KORE 62% Fe index dropped $0.43/t to $178.50/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index fell $0.67/t to $213.08/dmt cfr, and the KORE 58% Fe index inched $0.03/t higher to $156.14/dmt cfr.
On the Dalian Commodity Exchange September iron o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous