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26 Jun
15:57

Iron ore stalled as FMG fights Hancock

Seaborne iron ore prices stalled on Tuesday with little support from Chinese steel markets. FMG meanwhile began its counterattack against Hancock’s plan to take control of Atlas Iron. The Kallanish index for 62% Fe Australian fines dipped $0.26/tonne to $63.95/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold at $62.92/t with a laycan in 12-21 July. 70,000t of PB Lump meanwhile traded at a floating price. 90,000t of Mac Fines also traded on …
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