19
May
16:40
Iron ore settles as Fortescue restructures
Seaborne iron ore prices continue to settle into a new range at around $130/tonne as markets await further reopening. Fortescue, meanwhile, will again be led by Andrew Forrest in a new restructuring later this year.
The Kallanish KORE 62% Fe index slipped $1.12/t to $129.79/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index dropped $1.22/t to $153.68/dmt cfr, and the KORE 58% Fe index fell $2.33/t to $118.08/dmt cfr. 170,000 tonnes of Brazilian Blend so…
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Anonymous
Very good overview of the weekly steel market.
Anonymous