Physical iron ore prices stayed rangebound on Monday May 7 amid weakness in the steel markets.
Metal Bulletin 62% Fe Iron Ore Index: $67.26 per tonne cfr Qingdao, up by $0.98 per tonne Metal Bulletin 58% Fe Premium Index: $55.56 per tonne cfr Qingdao, down by $0.06 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.30 per tonne cfr Qingdao, up by $0.40 per tonneMetal Bulletin 62% Fe China Port Price Index: 477 yuan per wet tonne (implied 62% Fe China Port Price $65.77 per dry tonne), down by 3 yuan per wet tonne Key driversChina's spot rebar prices fell 20-60 yuan ($3.10-9.40) per tonne from last Friday, while hot-rolled coil was also traded 30 yuan per tonne lower in...