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25 Sep
15:09

Iron ore steadies as supply controlled for now

Seaborne iron ore prices moved upwards slightly on Friday as the market remained tighter than many had expected. The high iron ore output at the end of June has not been sustained, although output is still high, while pig iron production has been stronger than expected. The Kallanish index for 62% Fe Australian fines upticked by $0.39 to reach $54.18/dry metric tonne cfr Qingdao. An index-linked combined shipment sold on globalORE. 70,000 tonnes of New…
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