29
Oct
14:40
Iron ore firm as Rio’s Simandou deal expires
Seaborne iron ore prices were steady on Monday despite the slip in steel futures prices. Rio Tinto meanwhile confirmed its agreement to sell its stake in Simandou is no longer valid.
The Kallanish KORE 62% Fe index slipped $0.03/t to $73.74/dry metric tonne cfr Qingdao. On COREX, 20,000 wet metric tonnes of PB fines sold at CNY 590/t ($84.86/t) from port stocks in Rizhao. On the Dalian Commodity Exchange January 2019 iron ore settled up another CNY 6/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous