06
Jul
15:36
Iron ore stalled as Rio looks to replacements
Seaborne iron ore prices were flat on Friday amid little clear direction on Chinese steel futures markets. Rio Tinto meanwhile is already looking beyond even Koodaideri to new mining investments.
The Kallanish index for 62% Fe Australian fines was up $0.11/tonne at $62.30/dry metric ton cfr Qingdao on Friday, but down $1.75/t over the week. 170,000 tonnes of PB fines sold at $61.22/t with a laycan in 27 July-5 August. 70,000t of PB Lump also traded at a $0.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous