Trading activity picks up in seaborne iron ore market

Trading activity in the seaborne iron ore market picked up on Monday June 19 amid across-the-board rises in steel prices and futures.

Key drivers Rebar prices in China's eastern region rose 10-40 yuan ($1.50-5.90) per tonne while those for hot rolled coil were up 50-60 yuan ($7.30-8.80) per tonne during the day. Enquiries picked up in comparison with early last week, which somewhat drove up premiums for various brands of fines, according to trading sources in the seaborne market. Capesize cargoes of Pilbara Blend fines to be delivered in early July were said to be tradable against indices at premiums of up to...

Published

Metal Bulletin Editorial

June 19, 2017

11:50 GMT

Shanghai