12
Jul
15:27
Iron ore gains as Rio expresses confidence
Seaborne iron ore prices increased on Thursday on the back of a bullish Chinese steel futures market. Rio Tinto expressed its optimism over an end to the trade war which is hurting its aluminium operations, but which may actually support iron ore in the near future.
The Kallanish index for 62% Fe Australian fines gained $0.48/tonne to $62.82/dry metric ton cfr QIngdao. 100,000 tonnes of PB fines sold in tender at $61.72/t with a laycan in 26 July-4 August. …
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Anonymous
Very good overview of the weekly steel market.
Anonymous