Iron ore prices were firmer on Thursday March 11, most likely because of lower steel inventories and firmer demand for steel, sources said.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $170.70 per tonne, up $6.03 per tonne
62% Fe low-alumina fines, cfr Qingdao: $170.79 per tonne, up $6.04 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $156.05 per tonne, up $4.13 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $195.60 per tonne, up $6.80 per tonne
62% Fe fines, fot Qingdao: 1,150 yuan per wet metric tonne (
implied 62% Fe China Port Price: $164.77 per dry tonne), up by 21 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) was largely flat during morning trading before an uptick started just before midday, ending the day's trading by...