10
Oct
15:38
Iron ore rises as heavyweights bid for BCI
Seaborne iron ore prices increased again on Wednesday on the back of rising steel futures and restocking by mills. BCI Minerals meanwhile is setting itself up as the next battle between FMG, Hancock and Mineral Resources.
The Kallanish KORE 62% Fe index for Australian fines gained another $0.68/tonne to $71.08/dry metric ton cfr Qingdao. On COREX 170,000 tonnes of Brazilian Blend sold at $76.35 with a laycan in 15-24 November and 65,000t of Carajas fines so…
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Anonymous
Very good overview of the weekly steel market.
Anonymous