26
Oct
15:51
Iron ore slides as FMG lowers expectations
Seaborne iron ore prices slipped further on Thursday as steel markets continued to slide. The continuing wide spread between high and low grade ores meanwhile has forced FMG to revise its expectations of realised prices in the current financial year.
The Kallanish index for 62% Fe Australian fines dropped $0.37/tonne to $61.87/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold in tender at $61.36/t with a laycan in 19-28 November. 190,000t of PB fi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous