01
Mar
14:33
Iron ore recovers while Samarco hopes for restart
Seaborne iron ore prices recovered on Thursday as Chinese mills aimed to push steel prices higher. Vale confirmed it hoped to restart Samarco by the end of the year however, highlighting to continuing overcapacity in the sector.
The Kallanish index for 62% Fe Australian fines rebounded by $0.80/tonne to $78.90/dry metric ton cfr Qingdao. 210,000 tonnes of PB fines sold at $78.21/t with a laycan in 20-29 March. 85,000t of Carajas fines also sold on COREX at …
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Anonymous
Very good overview of the weekly steel market.
Anonymous