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Iron ore drops, mills cut production
Date: 27/10/2022

Seaborne iron ore prices repeated the previous day's losses on Wednesday, as steel mills' maintenance hit expectations for iron ore demand. The Kallanish KORE 62% Fe index lost $0.68/tonne on Wednesday to $90.94/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $0.74/t lower at $103.26/dmt cfr, but the KORE 58% Fe index lost $0.05/t to $83.33/dmt cfr. On the Dalian Commodity Exchange, January iron ore stabilized

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