Spot iron ore fines (Fe 62%) price surged by USD 5.6/MT today and closed at USD 106.55/MT CFR China against last week’s closing of USD 100.9/MT, CFR. Price rally follows yesterday’s order by Brazilian to suspend operation at three of Vale’s mines in Itabira complex due to COVID-19 outbreak. However the miner has kept its fines production guidance unchanged.
Leave a Reply