Tag: China spot iron ore prices

Global iron ore index fell today amid weaker consumption and decline in spot steel prices. Iron ore fines (Fe 62%) index today (i.e. 14 Dec’16) moved down by USD 2.5/MT to USD 79.5/MT, CFR China. Seaborne iron ore market weakened over declining billet and spot steel prices. Construction activities are likely to slow down amidst…