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28 Feb
14:31

Iron ore becalms, as does Roy Hill expansion

Seaborne iron ore prices remained in limbo on Wednesday as all eyes were on early-March Chinese steel demand. Roy Hill meanwhile is struggling to expand its throughput at Port Hedland because of a pending environmental taskforce report. The Kallanish index for 62% Fe Australian fines dropped $0.76/tonne to $78.10/dry metric ton cfr Qingdao. That put the average for February at $76.54/t, up 1.62% month-on-month and 12.3% year-on-year. 170,000 tonnes of PB fi…
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