IRON ORE PRICES: Benchmark index drops as steel prices fall
Supply pressure and a weakening steel market in China continued to weigh on seaborne iron ore prices on Monday April 17.
Metal Bulletin’s 62% Fe Iron Ore Index Today: $66.25 per tonne cfr Qingdao Daily change: Down by $2.43 per tonne Month-to-date average: $74.88 per tonne
But this all may be short lived for a few months I hope, the stockpiles at ports are still falling.
AGO Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held