Source of offer |
Destination |
Product |
Iron content |
Price ($/mt) |
Daily price change |
Sales term |
PB fines |
61.5% |
138-139 |
+1 |
CFR China |
||
Brazil fine ore |
65% |
142-143 |
+1 |
CFR China |
||
Indian fine ore |
63.5% |
139-140 |
+2 |
CFR China |
Chinese steelmakers are expected to start restocking raw materials for September and October, when steel consumption is anticipated to increase. Amid the improved activity witnessed early in the current week, import iron ore prices have indicated an increase of $1-2/mt.