Fastmarkets iron ore indices
66% Fe concentrate, cfr Qingdao:
$130.72 per tonne, up $0.08 per tonne.
65% Fe blast furnace pellet, cfr Qingdao:
$148.97 per tonne, up $1.65 per tonne.
Pollution control measures imposed on steelmakers in Tangshan have limited consumption of iron ore fines, prompting mills to switch to direct-charge raw materials, such as iron ore pellet and lump, a buyer source in Beijing said.
The halting of imports of Australian thermal and coking coal in mid-October
, led to higher prices for Chinese domestic coal, which in turn prompted steel mills to consume more direct-charge materials because the use lesser amounts of coke.
Offers for seaborne iron ore pellet cargoes increased in the week to October...