17
Aug
15:13
Iron ore rebounds on Chinese confidence
Seaborne iron ore prices gained on Friday, driven by the resurgence in steel futures and falling inventories. Hancock Prospecting meanwhile is continuing its attempt to buy all Atlas Iron shares through to the end of August.
The Kallanish index for 62% Fe Australian fines (KORE 62% Fe) gained $1/tonne to $66.95/dry metric ton cfr Qingdao. 210,000t of PB fines sold at $65.76/t with a laycan in 1-10 September. On COREX meanwhile 90,000t of Newman Lump sold at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous