27
Nov
16:19
Iron ore slides but Roy Hill prepares new plant
Seaborne iron ore prices have continued to fall. While prices are being pressured by weaker steel prices, miners are still preparing to ramp output a little higher.
The Kallanish KORE 62% Fe index dropped another $0.49/tonne to $87/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange January 2020 iron ore settled at CNY 645/t ($91.68/t), down CNY 10.5/t, while on the Singapore Exchange December 62% Fe futures settled down $1.71/t at $85.41/t. I…
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Anonymous
Very good overview of the weekly steel market.
Anonymous