Physical iron ore prices fell on Tuesday May 15, even though steel prices increased.
Metal Bulletin 62% Fe Iron Ore Index: $67.28 per tonne cfr Qingdao, down by $1.65 per tonne Metal Bulletin 58% Fe Premium Index: $54.56 per tonne cfr Qingdao, down by $1.14 per tonne Metal Bulletin 65% Fe Iron Ore Index: $86.30 per tonne cfr Qingdao, up by $0.90 per tonne Metal Bulletin 62% Fe China Port Price Index: 485 yuan per wet tonne (implied 62% Fe China Port Price $66.94 per dry tonne), down by 3 yuan per wet tonne Key driversChina's ferrous futures largely tumbled early in the morning before recovering some losses later in the day. Some market participants attributed the...