Tag: Chinese spot Iron ore Prices

Global iron ore prices are assessed at USD 52.7/MT on 23 May’16. Prices are moving down as steel prices dropped down as well as increased iron ore port stock inventories. Chinese billet prices in Tangshan fell a cumulative RMB 130/MT (USD 20/MT) since Friday while rebar prices lost RMB 200/MT (USD 30.7/MT). Today, prices were…