27
Mar
16:11
Iron ore firm but FMG lowers guidance
Seaborne iron ore held its ground on Tuesday as Chinese steel futures turned upwards and spot deals resumed. FMG meanwhile admitted it is not earning as much as it had hoped against benchmark indices, although it is continuing to cut costs.
The Kallanish index for 62% Fe Australian fines finished flat on Tuesday at $64.41/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold at $62.72/t with a laycan in 14-23 April. On globalORE, 100,000t of Carajas f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous