04
May
16:01
Iron ore hovers as FMG dismisses supply concerns
Seaborne iron ore prices have continued to hover as China remained out of the market. Iron ore prices have continued to prompt more supply, but FMG says the market should not be worried.
The Kallanish KORE 62% Fe index inched $0.16/tonne lower to $82.80/dry metric ton cfr Qingdao on Monday. The Kallanish KORE 65% Fe index dipped $0.13/t to $98.97/dmt cfr, and the KORE 58% Fe index fell $1.02/t to $74.27/dmt cfr. On the Singapore Exchange, June 62% Fe futures settl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous