18
Apr
15:00
Iron ore rebounds while Rio boosts output
Seaborne iron ore prices jumped on Wednesday on the back of higher steel prices, strong spot market activity and improved confidence. Rio Tinto meanwhile also kept its output firm in the first quarter of 2018.
The Kallanish index for 62% Fe Australian fines jumped $1.64/tonne to $65.53/dry metric ton cfr Qingdao, the highest level since 2 April. 170,000 tonnes of PB fines sold in tender at $64.58/t with a laycan in 16-25 May. On COREX another 170,000t of PB…
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Anonymous
Very good overview of the weekly steel market.
Anonymous