27
Feb
13:45
Iron ore stalls but Atlas Iron presses on
Seaborne iron ore prices took a breather on Tuesday as momentum on the Chinese steel futures prices faded. Atlas Iron meanwhile has continued to earn money despite a discount to benchmark iron ore prices, but it remains vulnerable to a fall in prices.
The Kallanish index for 62% Fe Australian fines slipped $0.14/tonne to $78.86/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold at $78.21/t with a laycan in 24 March-2 April. On COREX meanwhile 70,00…
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Anonymous
Very good overview of the weekly steel market.
Anonymous