03
Apr
15:53
Iron ore tumbles despite Minas Rio delay
Seaborne iron ore prices retreated on Tuesday despite a pick-up in activity. Falling prices also ignored a statement from Anglo American that the restart of its Minas Rio mine would be delayed (see separate article).
The Kallanish index for 62% Fe Australian fines slumped $1.83/tonne to $63.76/dry metric ton cfr Qingdao, the lowest since 28 March. 190,000 tonnes of PB fines sold in tender at $62.79/t with a laycan in 13-22 April. 90,000t of Newman fine…
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Anonymous
Very good overview of the weekly steel market.
Anonymous