24
Feb
10:10
Iron ore gains while FMG repays debts
Seaborne iron ore prices gained again on Friday on the back of stronger Chinese ferrous futures. Preparing for a longer term slide in iron ore prices however, FMG is continuing to pay down its debts.
The Kallanish index for 62% Fe Australian fines gained another $0.57/tonne to $78.38/dry metric ton cfr Qingdao on Friday. 170,000 tonnes of PB fines sold at $77.78/t with a laycan in 15-24 March, up from a deal the previous day for 190,000t at $77.19/t. 135,00…
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Anonymous
Very good overview of the weekly steel market.
Anonymous