Physical iron ore prices and premiums remained weak on Thursday April 26 amid China's softening steel and futures markets.
Metal Bulletin 62% Fe Iron Ore Index: $66.28 per tonne cfr Qingdao, down by $0.10 per tonneMetal Bulletin 58% Fe Premium Index: $55.90 per tonne cfr Qingdao, down by $0.04 per tonneMetal Bulletin 65% Fe Iron Ore Index: $84.60 per tonne cfr Qingdao, down by $0.10 per tonneMetal Bulletin 62% Fe China Port Price Index: 475 yuan per wet tonne (implied 62% Fe China Port Price $65.27 per dry tonne), down by 5 yuan per wet tonne Key driversChina's ferrous futures tanked across the board from the preceding day's settlement prices, with the benchmark iron ore contract falling by another 1.1%.The country's spot rebar and hot-rolled coil prices also fell 10-20 yuan ($1.60-3.20) per tonne during the day.Although a miner's seaborne tender...