Iron ore prices almost reached $80 per tonne
on Monday following a big rebound in the billet market coupled with an active derivatives market, but Metal Bulletin’s 62% Fe Iron Ore Index
ended the week above the $78 per tonne level on steady buying interest.
Seaborne coking coal
buyers in India continue to sit on the sidelines, with prices breaching $200 per tonne fob Australia this week.
Metal Bulletin’s fob Australia Premium Hard Coking Coal Index gained $0.33 per tonne on Friday, to $200.89 per tonne.
The continuing surge in China’s domestic coke prices
has further restricted the capacity for exports, Metal Bulletin has learnt.
In the scrap market
, meanwhile, prices were mostly stable this week, as the Turkish market approached a holiday period and other major markets were showing weak demand.
Taiwan’s prices for imports of containerised HMS-grade...