18
Feb
15:38
Iron ore surges on return from holiday
Seaborne iron ore prices surged on the return from the Chinese New Year holiday. FMG meanwhile has come out of the holidays reporting strong expectations.
The Kallanish KORE 62% Fe index leapt $6.53/t higher on Thursday to $169.93/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index gained $5.91/t to $193.08/dmt cfr, and the KORE 58% Fe index increased $6.26/t to $153.68/dmt cfr. 170,000 tonnes of Brazilian Blend sold at $175.5/t with a laycan in 15-24 Ma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous