Tag: China Iron Ore

The spread between 65% Fe Carajas Fines and 61.5% Fe PB Fines at Qingdao port under Mysteel’s tracking narrowed to Yuan 87/wmt ($12.5/wmt) as of March 8 from Yuan 111/wmt a month earlier. Market sources observed that domestic steel mills’ demand for higher-grade iron ore shrank recently and led to high stocks of these ore.…