Import iron ore prices showed a daily increase of almost 20 percent, which came as a surprise to the global steel industry. The $10/mt rise in iron ore prices triggered price increases in all steel products especially ex-China products.
Source of offer |
Destination |
Product |
Iron content |
Price ($/mt) |
Daily price change ($/mt) |
Sales term |
Australia |
PB fines |
62% |
62.5-63 |
+10 |
CFR China |
|
India |
Indian fine ore |
63.5% |
62.5-63.5 |
+10 |
CFR China |
|
Brazil |
Brazil fine ore |
65% |
65-66 |
+10 |
CFR China |