17
Apr
17:58
Iron ore steady as Atlas sinks into losses
Seaborne iron ore prices were again steady on Tuesday despite a surge in spot market activity. The inability of iron ore prices to increase bodes ill for Australia's Atlas Iron, which slipped into losses in the first quarter.
The Kallanish index for 62% Fe Australian fines gained $0.08/tonne to $63.89/dry metric ton cfr Qingdao. Two 170,000 tonne cargos of PB fines sold in tender, one at $63.33/t with a laycan in 18-27 May and one at $63.43/t with a lay…
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Anonymous
Very good overview of the weekly steel market.
Anonymous