04
Jun
15:27
Iron ore slips as FMG looks elsewhere
Seaborne iron ore prices fell slightly again on Monday as they lacked support from the consolidating Chinese steel markets. Iron ore has not broken out of the $60s since mid-March and miners such as FMG as looking to other minerals for growth.
The Kallanish index for 62% Fe Australian fines slipped $0.48/t to $63.63/dry metric tonne cfr Qingdao. 170,000t of PB fines sold in tender at $62.57/t with a laycan in 20-29 June. 70,000t of PB lump also sold at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous