07
Nov
07:18
Iron ore holds as currency cuts costs
Seaborne iron ore prices gained slightly on Friday but remained at their new level several dollars below $50/tonne. A reports by the Australian Reserve Bank saying that low interest rates and a weak currency suggested falling costs at the country’s miners, a view reinforced by the latest US economic data.
The Kallanish index for 62% Fe Australian fines recovered $0.34/t on Friday to $46.99/dry metric ton cfr Qingdao. There were no deals on globalORE but fu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous