12
Nov
22:35
Iron ore slides despite mine, rail disruptions
Seaborne iron ore prices slipped on Monday, dragged down by the weak Chinese steel market. The drop came despite a series of minor disruptions at mines in Australia.
The Kallanish KORE 62% Fe index dipped $0.25/t to $76.12/dry metric tonne cfr Qingdao. On the Dalian Commodity Exchange January 2019 iron ore settled down CNY 4/t at CNY 520/t ($74.86/t), while on the Singapore Exchange December 62% Fe futures settled down $1.17/t at $72.23/t. In Tangshan, billet pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous