25
Sep
16:01
Iron ore slides as Hancock hikes
Seaborne iron ore prices broke downwards on Tuesday. Hancock meanwhile has been forced to up its offer for Atlas Iron.
The Kallanish KORE 62% Fe index for Australian fines slipped $1.08/tonne to $67.91/dry metric ton cfr Qingdao. On COREX, 90,000 tonnes of Newman fines sold at $69.5/t with a laycan in 21-30 October. Sentiment was hit Tuesday by the official imposition of new import taxes in the USA on Chinese goods. Much of the weakness is based on the medi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous