Iron ore price, page-34599

Turns out that lower grade fines like SSF and FMG Blend are benefiting from this latest move of China's, especially with BHP's Yandi fines going through their last hurrah- where to turn when those 57% Fe Yandi fines run dry? Cutting steel volumes means cutting costs, and the way to do that is by lowering the Fe content and keeping the furnaces churning out molten iron. FMG prices are therefore more resilient, and the discount shrinks.
https://www.mysteel.net/article/5024831-050102/China-mills-preferring-lower-Fe-iron-ore-to-achieve-cuts.html

Meantime, the Chinese port stock question is also interesting, with stocks actually looking a bit weaker w-o-w. Figures for the 45 main ports as of July 29. https://www.mysteel.net/article/5024826-050102/WEEKLY--China-iron-ore-port-stocks-hover-at-128-million-t.html



https://do not advertise external sites/Article/3996429/FOCUS-Last-hurrah-for-Yandi-fines-what-next-for-low-grade-iron-ore.html

Meanwhile prices for steel for August are looking shiny, always a positive sign.

https://www.mysteel.net/article/5024844-050102/MYSTEEL--Chinas-steel-prices-to-see-more-growth-in-Aug.html