Iron ore prices down in line with downtrend in steel prices
Iron ore prices went down on Wednesday November 10, in line with falling finished steel prices, with demand for iron ore weak in the physical market, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $88.90 per tonne, down $3.40 per tonne
62% Fe low-alumina fines, cfr Qingdao: $89.63 per tonne, down $3.83 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $61.23 per tonne, down $3.97 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $104.40 per tonne, down $5 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1500 per dry metric tonne unit (dmtu), down $0.0450 per dmtu
62% Fe fines, fot Qingdao: 617 yuan per wet metric tonne (implied 62% Fe China Port Price: $88.06 per dry tonne), down by 56 yuan per wmt
Iron ore prices down in line with downtrend in steel pricesIron...
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