Fastmarkets iron ore indices
66% Fe concentrate, cfr Qingdao:
$206.96 per tonne, up $6.90 per tonne.
65% Fe blast furnace pellet, cfr Qingdao:
$231.12 per tonne, up $2.14 per tonne
The Tangshan emissions restrictions boosted demand for high-grade iron ore in the region
, with the curbs on steel production also pushing up finished steel prices, leading to very healthy margins for steel mills
, according to several sources.
A trader in northern China said the healthier mill margins supported the use of higher-grade iron ore, leading some buyers seek out higher-quality iron ore such as Bahrain iron ore pellets.
Indian pellets, however, were still being actively offered in the market, the trader added.
High-grade iron ore pellet supplies flowing...