01
Apr
15:27
Iron ore surges as Rio cuts production guidance
Seaborne iron ore prices continued to surge on Monday as estimates of supply disruptions pile up. Rio Tinto has now also cut its production guidance due to disruptions over the first quarter.
The Kallanish KORE 62% Fe index gained $2.31/t to $88.64/dry metric tonne cfr Qingdao, the highest level since 11 February. On the Dalian Commodity Exchange May iron ore settled up CNY 17.5/t to CNY 638.5/t ($95/t), the highest level since early December. On the S…
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Anonymous
Very good overview of the weekly steel market.
Anonymous