The spread between the 65% and 62% Fe iron ore markets widened last month amid improved profits among Chinese steelmakers and supply issues for Iron Ore Carajas fines.
The gap between Fastmarkets' 65% and 62% Fe iron ore indices has held above $10 per tonne since November 8, reclaiming the mark after largely hovering below that since late June. The gap had earlier been above $10 per tonne beginning in October 2016 and peaked at $29.02 per tonne on September 14, 2018.This growing gap between Fastmarkets' 65% and 62% Fe iron ore indices was largely...