11
Mar
13:48
Iron ore slides as Angang takes Karara
Seaborne iron ore prices fell on Monday alongside weaker steel futures and restrictions on productions in Hebei. Anshan Iron and Steel (Angang), meanwhile, is consolidating its hold over Karara.
The Kallanish KORE 62% Fe index lost $1.21/t to $84.61/dry metric tonne cfr Qingdao. On COREX, meanwhile, 110,000t of Jimblebar Fines sold at a floating price. On the Dalian Commodity Exchange May iron ore settled down CNY 15.5/t at CNY 601/t ($89.38/t), while …
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Anonymous
Very good overview of the weekly steel market.
Anonymous