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Reuters reports spot iron ore prices are steady and may rise later this week later as China restocks, allowing prices to rebound after losing about 6 percent last month.
Reuters reports spot iron ore prices are steady and may rise later this week later as China restocks, allowing prices to rebound after losing about 6 percent last month.
The market news is quoted as saying,
The Steel Index’s 62 percent iron ore benchmark .IO62-CNI=SI was steady at $170.20 a tonne on Monday and a similar gauge by Metal Bulletin .IO62-CNO=MB was unchanged at $170.30.
Platts 62 percent index IODBZ00-PLT was also flat at $171.75.
Offers for Australia’s 62-percent Newman iron ore fines were unchanged at $174-$176 a tonne, including freight, on Tuesday, and Indian 63.5/63 percent fines were steady at $175-$178, Chinese consultancy Umetal said.