25
May
15:48
Iron ore sinks with steel
Seaborne iron ore prices fell further on Friday to the lowest point since early April. While FMG is continuing to pay down its debts, higher grade miners are looking forward to a second half after the dip in iron ore prices is over.
The Kallanish index for 62% Fe Australian fines fell another $0.94/tonne to $63.73/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold at $62.35/t with a laycan in 8-17 June. On globalORE 110,000t of Newman fines sold at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous