Iron ore prices continued to rebound on Friday July 26 amid rumors that China could be less strict with its steelmaking restrictions next winter.
Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $118.31 per tonne, up by $1.31 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $118.23 per tonne, up by $1.31 per tonne.Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $119.57 per dmt, up by $2.29 per dmt.Fastmarkets' index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $106.84 per tonne, up by $3.33 per tonne.Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $126.60 per tonne, up by $1.70 per tonne.Fastmarkets' index for iron ore 62% Fe fines, fot Qingdao: 881 yuan per wet metric tonne (implied 62% Fe China Port Price $118.68 per dry tonne), up by 16 yuan per wmt.Key driversNews circulated among Chinese market participants in the afternoon that the country's authorities could list as "class A" those steelmakers that have fully achieved ultra-low emissions standards,...