04
Jan
15:54
Iron ore ends bull run
Seaborne iron ore prices continued to retreat on Monday as the momentum of an end-of-year surge faded. Iron ore inventories actually fell at the end of the year, after increasing steadily for several weeks, but the outlook for 2016 remains bleak.
The Kallanish index for 62% Fe Australian fines dropped $1.40/t to $40.97/dry metric tonne cfr Qingdao. 170,000 tonnes of PB fines traded on GlobalOre at $42/t cfr for February delivery. Another 170,000t also …
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Anonymous
Very good overview of the weekly steel market.
Anonymous