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China's iron ore swelling premium resorts on cooling demand

Gangya Metal335 people have read

Since October 25, Mysteel's 62.5% Fe iron ore swelling costs against 62% Fe Australian fines had slipped to $0.16/ dmtu, down by $0.07/ dmtu on week to near its one-month reduced. Previously, the costs remained firm from mid-September and when reached hit a four-month high of $0.24/ dmtu on October 12. Chinese steelmakers' interest in procuring

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The strengthening in China's imported iron ore lump premium against 62% Fe fines had begun to lose steam since last week, sagged by steelmakers' lower lump consumption as their steel margins kept shrinking while coke prices maintained the uptrend, ma...

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