Seaborne iron ore prices recovered some losses on Wednesday March 21 tracking a small rebound in the paper market.
Key drivers China's benchmark May iron ore futures contract bounced back in the afternoon to end the day in positive territory, following gains on Tuesday night and a retreat on Wednesday morning.But steel prices - in the both physical and futures markets - continued to soften during the day.A miner's tender for seaborne materials was concluded at almost $0.50 per tonne higher than a day earlier. At Chinese ports, the price range for transactions widened.Sellers who have let go...