Iron ore prices down, mills step up furnace maintenance in north China
Seaborne iron ore prices edged lower on Friday November 12, after more steel mills took the opportunity to carry out blast furnace maintenance after margins tightened significantly over the week, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $89.69 per tonne, down $2.88 per tonne
62% Fe low-alumina fines, cfr Qingdao: $91.39 per tonne, down $2.64 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $62.62 per tonne, down $2.97 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $104.70 per tonne, down $4.50 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1100 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 614 yuan per wet metric tonne (implied 62% Fe China Port Price: $87.52 per dry tonne), down by 15 yuan per wmt
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