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Iron ore prices up after recovered steel margins increase...

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    Iron ore prices up after recovered steel margins increase sentiment

    Seaborne iron ore prices continued to increase on Friday December 17 amid a positive outlook, with more market participants seeing recovered steel margins during the week, market sources told Fastmarkets.

    Fastmarkets iron ore indices
    62% Fe fines, cfr Qingdao: $119.60 per tonne, up by $3.54 per tonne
    62% Fe low-alumina fines, cfr Qingdao: $120.43 per tonne, up by $3.31 per tonne
    58% Fe fines high-grade premium, cfr Qingdao: $92.62 per tonne, up by $3.30 per tonne
    65% Fe Brazil-origin fines, cfr Qingdao: $136.70 per tonne, up by $4.30 per tonne
    63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1400 per dry metric tonne unit (dmtu), unchanged

 
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