01
Sep
16:04
Iron ore starts September with gains
The seaborne iron ore market kicked off September trading with gains, as successive housing stimulus measures supported sentiment last week.
The Kallanish KORE 62% Fe index and the KORE 65% Fe index rose by $1.85/tonne and $1.41/t respectively on Friday to $117.25/dry metric tonne cfr Qingdao and $128.7/dmt cfr. The KORE 58% Fe index declined $0.6/t to $98.61/dmt cfr.
On the Dalian Commodity Exchange (DCE), January 2024 iron ore gained by CNY 2.5/t ($0.34/t)…
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Anonymous
Very good overview of the weekly steel market.
Anonymous