Seaborne iron ore prices were rangebound amid a quiet market on Monday October 15 with uncertainties emerging over steelmaking restrictions in east China.
MB 62% Fe Iron Ore Index: $71.66 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Pilbara Blend Fines Index: $70.69 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $76.34 per tonne cfr Qingdao, down by $0.35 per tonne.MB 58% Fe Premium Index: $59.80 per tonne cfr Qingdao, down by $0.13 per tonne.MB 65% Fe Iron Ore Index: $97.30 per tonne cfr Qingdao, up by $0.10 per tonne.MB 62% Fe China Port Price Index: 545 yuan per wet metric tonne (implied 62% Fe China Port Price $69.58 per dry tonne), down by 3 yuan per wmt.Key driversMajor steelmakers Shagang and Yonggang in east China's Jiangsu province...