Tag: Spot iron lump premium

Spot iron lump premium fell to its lowest level since beginning of FY16 and is at USD 0.0425/MT, CFR China. Spot iron lump premium for Fe 62% was assessed at USD 0.0525/MT, CFR China last week (i.e. Week 49). Amid struggling steel demand in China and increasing stock of cheap lump cargoes, spot lump premium…