04
Nov
11:48
Iron ore rebounds as Australian dollar firms
Seaborne iron ore prices rebounded on Wednesday, although they remained under the $50/tonne mark. Australia’s decision not to cut interest rates stabilised the AUD, holding iron ore mining costs where they are, while shipments from Port Headland were also lower than expected.
The Kallanish index for 62% Fe Australian fines jumped by $1.01 to reach $47.63/dry metric ton cfr Qingdao. A 169,000 tonnes cargo of Standard Sinter Feed Guiaba traded on globalORE a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous