Seaborne iron ore concentrate prices rose on active buying while domestic supply thins.
Metal Bulletin's weekly 66% Fe Iron Ore Index cfr China stood at $98.74 per tonne last Friday, up $3.43 per tonne.The daily 65% Fe Iron Ore Index averaged $95.48 per tonne cfr China last week, compared with an average of $94.04 per tonne cfr China the previous week. With limited supply in the Chinese market, some steel mills are likely to be restocking for winter - when domestic concentrate stocks will be short - adding to the increase in...