06
Jun
16:14
Iron ore gains as FMG falls short
Seaborne iron ore prices gained further on Wednesday on the back of the stronger Chinese steel market. Reports meanwhile suggest that FMG will fall short of its shipment guidance for this year.
The Kallanish index for 62% Fe Australian fines gained $0.66/tonne to $64.93/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold at $63.85/t with a laycan in 21-30 June. On globalORE meanwhile 110,000t of Carajas fines sold at $87.6/t with a laycan in 13-22 J…
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Anonymous
Very good overview of the weekly steel market.
Anonymous