Tag: Chinese spot Iron ore Prices

Global iron ore prices are assessed at USD 40.2 /MT, CFR China on 22 Dec’15. Prices have moved up above USD 40/MT on account of strong steel prices in China. Shanghai rebar prices are assessed at RMB 1,749/MT (USD 273/MT) on 21 Dec’15. Prices have hit one month high. Some unprofitable Chinese mills have cut…