07
Aug
15:41
Iron ore soars as Roy Hill hits capacity
Seaborne iron ore prices rocketed higher again on Monday on the back of a surging Chinese steel market. Australia’s Roy Hill, meanwhile, shipped ore nearly at full capacity for the first time in July.
The Kallanish index for 62% Fe Australian fines leapt $2.60/t higher to $76.22/dry metric tonne cfr Qingdao, the highest level since early April. 170,000t of PB fines sold at $75.59/t with a laycan in 20-29 August. On the Dalian Commodity Exchange, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous