29
Jan
14:42
Iron ore slides as Cliffs turns from Australia
Seaborne iron ore prices fell further on Monday as stalled steel prices could not justify firm iron ore. A falling iron ore price is already putting some marginal players under pressure, and Cliffs’s Australian mines are among those.
The Kallanish index for 62% Fe Australian fines dipped another $0.73/t to $73.66/dry metric tonne cfr Qingdao, the lowest point since 2 January. 170,000t of PB fines sold at $72.5/t with a laycan in 20 February-1 Mar…
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Anonymous
Very good overview of the weekly steel market.
Anonymous