Seaborne iron ore prices were rangebound on Tuesday July 23, while the ongoing environmental restrictions have limited iron ore demand.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $117.82 per tonne, down $0.51 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $117.74 per tonne, down $0.51 per tonne. Fastmarkets' index for iron ore 62% Fe low alumina fines, cfr Qingdao: $118.86 per tonne, down $0.47 per tonne. Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $107.38 per tonne, down $0.11 per tonne.Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $126.20 per tonne, down $0.60 per tonne.Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 893 yuan per wet metric tonne (implied 62% Fe China Port Price $120.16 per dry tonne), unchanged. Fastmarkets' index for iron ore 63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.2100 per dry metric tonne unit, down $0.0150 per dry metric tonne unit.Key driversThe environmental restrictions imposed on steelmakers in the...