31
Oct
15:16
Iron ore slips as Rio Tinto ups production
Seaborne iron ore prices remained weak on Thursday as mounting production restrictions cut into demand. Iron ore supply is set to inch higher, meanwhile, as shown by Rio Tinto’s expectations for 2020.
The Kallanish KORE 62% Fe index slipped $0.70/t to $86.02/dry metric tonne cfr Qingdao. On the Dalian Commodity Exchange January 2020 iron ore settled up CNY 5/t at CNY 621.5/t ($88.06/t), while on the Singapore Exchange November 62% Fe futures sett…
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Anonymous
Very good overview of the weekly steel market.
Anonymous