Home / Metals / Global Iron Ore market continues bearishness
Stainless Steel Flanges

Global Iron Ore market continues bearishness

The interminable slump in prices on the DCE iron ore futures continued on Friday, with the most active contract falling almost 2.5%, as per the Steel Index.

It was a typically quiet Friday for the physical commodity though, with only a limited amount of iron ore spot trade going through ahead of the weekend.

An Australian miner held a tender for 61% Fe PB fines which concluded just under half a dollar below yesterday’s level. It sold another cargo over globalORE on an index-linked basis.

A Brazilian miner meanwhile sold 61.32% Fe iron ore fines (>7% silica) in a tender at just above 62. PB fines traded privately.

In China, trade at port was limited with no price move. Spot rebar prices in Shanghai fell RMB 40/t, but billet prices in Tangshan rose 10/t.

All prices $/dmt CFR China unless stated otherwise.
Source: Scrap Register

Zhejiang Yaang Pipe Industry Co., Limited

About www.nctv.net

www.yaang.com provide a wide range of steel products as Steel pipe, Steel pipes and seamless pipes, Alloy pipes, Pipe fittings, Composite steel pipe used in the industry, construction etc.

Leave a Reply

Your email address will not be published. Required fields are marked *


Scroll To Top