Seaborne iron ore prices rose on Monday October 22 amid bullishness in the steel and ferrous futures markets.
MB 62% Fe Iron Ore Index: $73.80 per tonne cfr Qingdao, up by $0.52 per tonne.MB 62% Fe Pilbara Blend Fines Index: $72.83 per tonne cfr Qingdao, up by $0.52 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79 per tonne cfr Qingdao, up by $1.32 per tonne.MB 58% Fe Premium Index: $62.26 per tonne cfr Qingdao, up by $0.67 per tonne.MB 65% Fe Iron Ore Index: $98.30 per tonne cfr Qingdao, up by $1.60 per tonne.MB 62% Fe China Port Price Index: 568 yuan per wet metric tonne (implied 62% Fe China Port Price $72.50 per dry tonne), up by 12 yuan per wmt.Key driversChina's steel and iron ore futures all recorded gains during the day while the country's spot rebar prices also rose 30-80 yuan ($4.30-11.50)...