11
Nov
13:49
Iron ore slumps as Atlas declares turnaround
Seaborne iron ore continued to fall rapidly on Monday as mills and traders faced off with each other. Atlas Iron meanwhile says it has turned itself around under its new ownership.
The Kallanish KORE 62% Fe index slumped $2.67/tonne to $79.75/dry metric ton cfr Qingdao, the lowest level since 29 January. 170,000 tonnes of Brazilian Blend sold at $78.3/t with a laycan in 4-13 December. On the Dalian Commodity Exchange January 2020 iron ore settled down CNY 1…
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Anonymous
Very good overview of the weekly steel market.
Anonymous