IRON ORE DAILY: Prices decline on possible crude steel output cut
Iron ore prices dropped on Friday July 2 on depressed market sentiment and a possible crude steel output cut in several areas which could weaken demand for iron ore, sources said.
Metal Bulletin
65% Fe Brazil-origin fines, cfr Qingdao: $251.60 per tonne, down $0.80 per tonne + pellet premium
Custeel
65% Fe fines US$248.30/tonne + pellet premium US$75.50/tonne
Pellet price US$323.80/t AUD$430.03/tonne
Grange's Iron ore pellets at A$427/tonne, page-118
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