15
Sep
16:55
Iron ore slides as Power steps down
Seaborne iron ore prices fell again on Friday, reaching their lowest level since mid-August after Chinese steel markets also declined. Australia’s Fortescue Metals Group (FMG) meanwhile announced that Nev Power will stand down as chief executive next year after a seven year surge to make the company a major player.
The Kallanish index for 62% Fe Australian fines slipped $0.27/tonne to $73.38/dry metric ton cfr Qingdao. On the Dalian Commodity Exc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous