14
Oct
15:39
Iron ore futures stay flat as steel does likewise
Weak steel prices in China continue to stress the iron ore market as iron ore futures in Singapore down-ticked slightly on Wednesday.
The Kallanish index for 62% Australian fines fell by $0.15 to $51.86/dry metric ton cfr Qingdao. There were no fixed price trades on globalORE for the third successive day but two index-linked trades were settled. A combo shipment for 170,000 tonnes of fines was traded on the standard index for November delivery. This involved 90,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous