IRON ORE DAILY: Prices fall on rising steel inventories and uncertainty over safety checks
Iron ore prices declined on increasing steel inventories and a high chance of stricter restrictions on steel mills ahead of centennial celebrations, sources said.
Metal Bulletin
65% Fe Brazil-origin fines, cfr Qingdao: $249.30 per tonne, down $2.50 per tonne
Custeel
65% fines US$250/tonne + pellet premium US$68.50/t
Pellet Price US$318.50/tonne AUD$420/tonne
Grange's Iron ore pellets at A$427/tonne, page-48
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