14
May
06:41
Iron ore settles lower as FMG builds fleet
Seaborne iron ore prices slid back under the $60/tonne mark on Friday after a flurry of activity on Thursday failed to lift prices amid high inventories. Australia’s FMG meanwhile has continued to protect itself from risk by taking control of a new very large ore carrier.
The Kallanish index for 62% Fe Australian fines dipped just $0.07/t to $59.96/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange September iron ore settled at CNY 453/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous