Spot iron ore prices moved up today amid stronger sentiments in steel prices.
Iron ore prices in China have increased by USD 2/MT today. Fe 62% fines offers are assessed at USD 51.9/MT, CFR China. Prices were last seen at this level before 2 weeks. Prices have increased over stronger sentiments in steel prices. Chinese billet prices have also increased further by RMB 13/MT today.
Global Iron Ore Prices as on 20 July’15
|
|
Material Type |
Prices in USD/MT |
|
| Fe 62, Australia | Fines | 51.9 | +2 |
| Fe 62, Australia | PB Lump | 56 | +2 |
| Fe 65, Brazil | Fines | 52 | +2 |
| Fe 65, Brazil | Lump | 58 | +2 |
| Fe 64/63, South Africa | Lump | 63 | 0 |
| Fe 64.5, South Africa | Concentrate | 55 | 0 |
| Fe 65/64.5, South Africa | Fines | 53 | 0 |
| Fe 63/62, India | Fines | 50 | 0 |
| Fe 61/60, India | Fines | 44 | 0 |
| Fe 59/58, India | Fines | 40 | 0 |
CNF China prices
Source: SteelMint
till 20 Jul’15
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