05
Feb
15:10
Iron ore jumps on buying spurt
Seaborne iron ore prices jumped on Tuesday on the back of a flurry of spot deals. Iron ore has been more volatile than steel in recent days but moves to bring overseas futures investors into the Chinese market may eventually limit one key source of volatility.
The Kallanish index for 62% Fe Australian fines jumped $2.17/tonne to $75.32/dry metric ton cfr Qingdao. 170,000 tonnes of Carajas fines sold on COREX at $91.75/t with a laycan in 1-10 March, while 80…
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Anonymous
Very good overview of the weekly steel market.
Anonymous