Iron ore prices surged on Monday March 29, supported by firmer prices for steel and healthier margins, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $167.88 per tonne, up $6.58 per tonne
62% Fe low-alumina fines, cfr Qingdao: $168.88 per tonne, up $6.14 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $149.46 per tonne, up $1.80 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $198.00 per tonne, up $7.20 per tonne
62% Fe fines, fot Qingdao: 1,139 yuan per wet metric tonne (implied
62% Fe China Port Price: $162.35 per dry tonne), up by 16 yuan per wmt
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.4950 per dry metric tonne unit (dmtu), down $0.0100 per dmtu.
Key drivers
The...