22
Dec
11:26
Iron ore under $40/t as Australia cuts forecast
Seaborne iron ore prices reversed some of their recent gains on Tuesday. Australia’s revision of its iron ore prices forecast had been expected but marked the mood of the market despite hopes of stimulus from Beijing.
The Kallanish index for 62% Fe Australian fines fell by $0.56 to $39.86/dry metric ton cfr Qingdao. A tender for 170,000 tonnes of PB fines ended with a sale at $40.28/t with a laycan in 4-13 January. 170,000t of Brazilian Blend sold on globa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous