02
Mar
15:48
Iron ore retreats as FMG refinances
Seaborne iron ore prices pulled back on Friday amid doubts over Chinese rebar inventories and quiet seaborne trading. FMG meanwhile says it expects to save around $130 million/year in financial costs through the latest restructuring of its debt.
The Kallanish index for 62% Fe Australian fines dropped $0.50/tonne to $78.40/dry metric ton cfr Qingdao. On COREX meanwhile there were two CNY-denominated fixed price trades. 10,000 tonnes of PB fines sold at CNY 5…
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Anonymous
Very good overview of the weekly steel market.
Anonymous