30
Apr
15:52
Iron ore rebounds as FMG ups guidance
Seaborne iron ore prices jumped on Thursday, the last day before the Chinese Labour Day holiday, as port stocks continued to draw down. FMG however notes it has boosted production and has increased its shipment guidance.
The Kallanish KORE 62% Fe index gained $1.21/t to $82.84/dry metric tonne cfr Qingdao. The KORE 65% Fe index increased $1.56/t to $98.95/dmt cfr, while the KORE 58% Fe index gained $2.64/t to $74.96/dmt cfr.
On the Dalian Commodity Exchange Sept…
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Anonymous
Very good overview of the weekly steel market.
Anonymous