21
Jun
15:57
Lower iron ore prices push Atlas to delay
Seaborne iron ore prices were steady in their range on Wednesday. Sliding iron ore prices meanwhile have pushed Atlas Iron to delay its new mine as profits become less sure.
The Kallanish index for 62% Fe Australian fines gained $0.06/tonne to $55.96/dry metric ton cfr Qingdao. 170,000 tonnes of PB fines sold for $55.61/t with a laycan in 10-19 July. On the Dalian Commodity Exchange September iron ore settled down CNY 6/t at CNY 426/t ($62.38/t), while on t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous