Physical iron ore prices continued to retreat on Tuesday May 22 amid further losses in the futures and finished steel markets.
Metal Bulletin 62% Fe Iron Ore Index: $64.41 per tonne cfr Qingdao, down by $0.89 per tonneMetal Bulletin 58% Fe Premium Index: $52.87 per tonne cfr Qingdao, down by $0.95 per tonneMetal Bulletin 65% Fe Iron Ore Index: $83.40 per tonne cfr Qingdao, down by $0.70 per tonneMetal Bulletin 62% Fe China Port Price Index: 466 yuan per wet tonne (implied 62% Fe China Port Price $64.02 per dry tonne), down by 6 yuan per tonneKey driversChina's ferrous futures trended down across the board during the day, with the benchmark iron ore contract falling for a...