Seaborne iron ore lump premiums traded notably higher
on Friday amid robust prices for pellets
, which can be partially replaced by lumps in blast furnaces, and relatively limited spot availability at Chinese ports.
Stringent port inspections and a forthcoming major holiday in Vietnam have led to a hazy market outlook, dampening price climbs in the import scrap market
Turkish steel producers returned to the deep-sea scrap markets for two new deals on Thursday
despite a national holiday in the country. But prices fell slightly on Friday after a mill in the Iskenderun region booked a Baltic Sea cargo