10
May
15:14
Iron ore steadies slightly as activity returns
Seaborne iron ore prices barely fell at all on Tuesday, arresting the rapid decline of recent days. Buying returned, helping provide a floor in the price for now.
The Kallanish index for 62% Fe Australian fines slipped $0.17/t to $53.62/dry metric ton cfr Qingdao. 190,000 tonnes of PB fines traded on globalORE at $56/t for June delivery, alongside 90,000t in the MNP basket at $53.8/t. COREX was also active, with Yandi fines trading at $47.6/t and $47/t and Jimbl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous