Physical iron ore prices softened on Monday June 4 amid losses in China's steel and futures markets.
Metal Bulletin 62% Fe Iron Ore Index: $65.47 per tonne cfr Qingdao, down by $0.69 per tonneMetal Bulletin 58% Fe Premium Index: $53.51 per tonne cfr Qingdao, down by $0.05 per tonneMetal Bulletin 65% Fe Iron Ore Index: $86.30 per tonne cfr Qingdao, down by $0.10 per tonneMetal Bulletin 62% Fe China Port Price Index: 465 yuan per wet tonne (implied 62% Fe China Port Price $63.60 per dry tonne), down by 9 yuan per wet tonneKey driversChina's ferrous futures fell across the board during the...