The seaborne iron ore market softened further on Wednesday April 4 amid falling steel prices in China, with premiums for index-linked cargoes of Pilbara Blend fines remaining subdued.
Metal Bulletin 62% Fe Iron Ore Index: $63.57 per tonne cfr Qingdao, down by $0.19 per tonneMetal Bulletin 58% Fe Premium Index: $51.79 per tonne cfr Qingdao, down by $0.30 per tonneMetal Bulletin 65% Fe Iron Ore Index: $80.70 per tonne cfr Qingdao, down by $0.80 per tonneMetal Bulletin 62% Fe China Port Price Index: 467 yuan per wet tonne (implied 62% Fe China Port Price $64.37 per dry tonne), up by 2 yuan per tonneKey drivers Billet was traded at 3,410 yuan per tonne including VAT in Tangshan during the day, 20 yuan per...