06
Sep
15:11
Iron ore slips despite Chinese bank's RRR cut
Seaborne iron ore prices slipped slightly lower on Friday despite news that China was easing lending rules. FMG meanwhile has completed one stage of its latest refinancing project.
The Kallanish KORE 62% Fe index slipped $0.57/tonne to $90.27/dry metric ton cfr Qingdao. On the Dalian Commodity Exchange January 2020 iron ore settled at CNY 644/t ($90.16/t), down CNY 10.5/t, breaking a six-day run of increases. On the Singapore Exchange October 62% …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous