IRON ORE DAILY: Buyers will honor long-term contracts amid talks of downstream cuts

Seaborne iron ore prices were down on Thursday January 30 while market participants further lowered estimates of physical transaction prices amid talk of steel production cuts in China and resulting concerns over the impact on mills’ raw material procurement.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $84.94 per tonne, down $1.90 per tonne

62% Fe low-alumina fines, cfr Qingdao: $86.55 per tonne, down $2.03 per...

Published

Deepali Sharma

January 30, 2020

11:50 GMT

Singapore