Tag: China iron Ore imports
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China’s iron ore lump premium retreats as demand slows
China’s seaborne iron ore lump premium against 62% Fe fines has shown signs of retreating recently after the previous strengthening, which reflected Chinese iron ore traders’ slowed speculation buying when domestic steelmakers were enduring higher coke procurement prices and poor steel margins, according to market sources. As of December 13, Mysteel’s 62.5% Fe iron ore…