IRON ORE DAILY: Seaborne iron ore prices up again as steel prices climb

Seaborne iron ore prices continued to gain ground on Monday May 18, after a rise in steel prices over the preceding weekend.

Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $96.84 per tonne, up by $3.19 per tonne.
62% Fe low-alumina fines, cfr Qingdao: $99.53 per tonne, up by $3.20 per tonne.
58% Fe fines high-grade premium, cfr Qingdao: $82.56 per tonne, up by $2.93 per tonne.
65% Fe Brazil-origin fines, cfr Qingdao: $113.40 per tonne, up by $3.30 per tonne.
62% Fe fines, fot Qingdao: 727 yuan per wet metric tonne (implied 62% Fe China Port Price: $94.14 per dry tonne), up by 21 yuan per wmt.
Key drivers

The rise in...

Published

Zihao Yu

May 18, 2020

12:05 GMT

Singapore