16
Dec
11:54
Iron ore price rebounds
Seaborne iron ore prices gained on Wednesday backed by a stronger steel market. The positive impact is likely to be short lived however as steel margins are still terrible and there is little reason for higher steel production in the short term.
The Kallanish index for 62% Fe Australian fines rose by $0.94 to reach $38.68/dry metric ton cfr Qingdao. A 170,000 tonnes cargo of PB fines traded on globalORE at $39.35/t cfr Qingdao for January delivery. A 240,00…
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Anonymous
Very good overview of the weekly steel market.
Anonymous