15
Dec
00:24
Iron ore holding as inventory build slows
Seaborne iron or prices have begun to hover at their new level in the high $30s. A slowdown in the pace of inventory build at Chinese ports was a positive sign but Chinese mills remain under pressure and there is little sign of a short term recovery.
The Kallanish index for 62% Fe Australian fines gained $0.04/t on Monday to $37.85/dry metric tonne cfr Qingdao. 170,000t of PB fines sold in a Rio Tinto tender at $38.51/t cfr with a laycan in 29 December-7 January…
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Anonymous
Very good overview of the weekly steel market.
Anonymous