25
Nov
11:54
Iron ore settles as mills decide on production
Seaborne iron ore prices held steady on Wednesday after sharp falls over recent days. Surprisingly strong Chinese steel output means they could have fallen even faster but Chinese mills can only hold out for so much longer.
The Kallanish index for 62% Fe Australian fines was stable, falling just $0.12 to $43.60/dry metric ton cfr Qingdao. A tender by BHP Billiton closed on Wednesday with 90,000 tonnes of Yandi fines sold at $40.14/t and 80,000t of Jimblebar fine…
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Anonymous
Very good overview of the weekly steel market.
Anonymous