Physical iron ore prices stayed rangebound on Tuesday December 11 while steel markets weakened further.
MB 62% Fe Iron Ore Index: $65.97 per tonne cfr Qingdao, down $0.15 per tonne. MB 62% Fe Pilbara Blend Fines Index: $65.24 per tonne cfr Qingdao, down $0.15 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $69.68 per tonne cfr Qingdao, down $0.18 per tonne. MB 58% Fe Premium Index: $59.67 per tonne cfr Qingdao, down $0.18 per tonne. MB 65% Fe Iron Ore Index: $82.80 per tonne cfr Qingdao, down $0.20 per tonne. MB 62% Fe China Port Price Index: 534 yuan per wet metric tonne (implied 62% Fe China Port Price $68.27 per dry tonne), down 6 yuan per wet metric tonne. Key drivers China's spot rebar and hot-rolled coil prices fell further by 10-50 yuan ($1.40-7.20) per tonne from the day before. The country's steel and iron ore futures largely trended upward during the day, however, and spot iron ore trading activity was described as...