Why China iron ore lump prices are blazing despite weak downstream steel demand

China’s iron ore lump prices have been following an unusual trend recently, moving in the opposite direction of falling iron ore fines prices, despite poor apparent steel demand.

Fastmarkets’ iron ore 63% Fe Australia-origin lump ore premium, cfr Qingdao increased to 34.50 cents per dmtu on May 24 from 27 cents per dmtu between May 6 and11, showing strong...

Published

Paul Lim

Alex Theo

May 26, 2022

11:04 GMT

Singapore