Tag: Iron ore lump premium
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China: Iron ore lump premium plunges to record low as imports drop
Iron ore lumps premiums, which were traversing record high levels in July this year (plus price), in a reversal, have plunged to unprecedented lowest levels. SteelMint’s data reveals the lump premium, has fallen from a high of $0.76/tonne (t) for the Fe62.5% towards end June’21 to as low as $0.03/t in the third week of…