Iron Ore Price Holds Despite Drop in Chinese Imports

Base Metals Investing

Mining.com reported that the iron ore price has held to a four-month high despite weakening demand in the 1.3 billion tonne seaborne iron ore market.

Mining.com reported that the iron ore price has held to a four-month high despite weakening demand in the 1.3 billion tonne seaborne iron ore market.

As quoted in the market news,

The benchmark 62% Fe import price including freight and insurance at the Chinese port of Tianjin was steady at $63.80 a tonne according to data provided by The SteelIndex, the highest since mid-February.

Click here for the full Mining.com report

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