01
Dec
00:31
Iron ore slumps towards $40/t
Seaborne iron ore prices lost ground quickly on Monday as expectations of prices in the $30s increased. Steel futures prices also slumped as there is no rebound in steel demand expected in the short term.
The Kallanish index for 62% Fe Australian fines dropped $1.31/t to $40.52/dry metric tonne cfr Qingdao. There were no trades on GlobalOre but futures prices dropped sharply. All contracts for 62% iron ore futures after December on the Singapore Exchange are now…
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Anonymous
Very good overview of the weekly steel market.
Anonymous