13
Jun
15:15
Iron ore gains after US Fed interest-rate update
Seaborne iron ore prices rebounded on Thursday as the US Federal Reserve kept its key interest rate unchanged on Wednesday.
The Kallanish KORE 62% Fe index and KORE 65% Fe index gained respectively by $1.47/t and $1.49/t to $106.59/dry metric tonne cfr Qingdao and $121.91/dmt cfr. The KORE 58% Fe index was $0.84/t higher at $93.23/dmt cfr.
Bookings included 90,000t of Mac Fines and same amount of Newman Fines at $102/t and $103.6/t with a same laycan of 6-15 July…
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Anonymous
Very good overview of the weekly steel market.
Anonymous