12
May
17:16
Iron ore rally continues as miners push CNY
Seaborne iron ore prices continued to surge on Tuesday. A combination of low supply from Brazil and growing Chinese steel production have created an unexpectedly tight market.
The Kallanish KORE 62% Fe index gained $2.35/tonne to $89.65/dry metric ton cfr Qingdao. The Kallanish KORE 65% Fe index gained $2.48/t to $107.63/dmt cfr, and the KORE 58% Fe index gained $1.89/t to $77.45/dmt cfr. 188,000 tonnes of FMG Super Special Fines sold at $71.5/t with a laycan in 2…
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Anonymous
Very good overview of the weekly steel market.
Anonymous