20
Mar
14:07
Iron ore falls as Cliffs exits Australia
Seaborne iron ore prices continued to slide on Tuesday despite more stable steel futures prices. Cliff’s Australian iron ore mine was already struggling and it is now finally shutting down the operation.
The Kallanish index for 62% Fe Australian fines slipped $0.15/tonne to $66.92/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold at $65.77/t with a laycan in 2-11 April. Meanwhile on COREX, 100,000t of PB fines, 70,000t of PB Lump and 170,000…
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Anonymous
Very good overview of the weekly steel market.
Anonymous