06
Jun
15:13
Iron ore gains as Atlas gets new chairman
Seaborne iron ore prices jumped on Monday after Chinese steel futures soared and the dollar weakened. Australia’s struggling Atlas Iron, meanwhile, has replaced its chairman as it fights to survive the weak market.
The Kallanish index for 62% Fe Australian fines increased $1.35/t on Monday to $48.74/dry metric tonne cfr Qingdao. There were no trades confirmed on the major platforms but futures prices jumped following a surge in Chinese steel futu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous