28
Jan
16:50
Iron ore slumps as scrap threat grows
Seaborne iron ore prices slumped again on Thursday as market sentiment has been hit by falling scrap prices. Meanwhile, the Dalian Commodity Exchange has tweaked its contracts and Rio has new management.
The Kallanish KORE 62% Fe index slumped $7.25/t to $157.57/dry metric tonne cfr Qingdao, the lowest level since 15 December. The Kallanish KORE 65% Fe index fell $6.66/t to $179.90/dmt cfr, and the KORE 58% Fe index lost $4.95/t to $148.83/dmt cfr.
On the Dalian…
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Anonymous
Very good overview of the weekly steel market.
Anonymous