09
Oct
12:17
Iron ore ends holiday up, for now
Seaborne iron ore prices gained on Friday compared to the level at the start of the October holiday. The market still faces significant hurdles in the coming weeks however and prices are likely to remain wobbly.
The Kallanish index for 62% Fe Australian fines settled at $53.66/dry metric ton cfr Qingdao or $2.26/t higher than on 1 October and $0.70 up from 8 October. A 170,000 tonnes cargo of Pilbara fines traded on GlobalOre at $52.5/t for December delivery, do…
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Anonymous
Very good overview of the weekly steel market.
Anonymous