Prices for seaborne iron ore pellets and concentrate rose in the week ended Thursday April 1 amid ongoing steelmaking restrictions to cut emissions in China's Tangshan region, sources said.
Fastmarkets iron ore indices
66% Fe concentrate, cfr Qingdao: $197.90 per tonne, up $9.77 per tonne.
65% Fe blast furnace pellet, cfr Qingdao: $221.84 per tonne, up $1.00 per tonne
Key drivers
The
steelmaking restrictions in Tangshan, China's steel production hub, supported demand for high-grade iron ore, market sources said.
Prices for iron ore pellets were little changed compared with a week earlier as a result the emergence of buyer resistance toward further increases.
Domestic pellet producers in China also stepped up their supply to the Chinese market, according to a trading source in Shanghai.
The return of...