Seaborne iron ore prices fell on Tuesday August 27, closing in on $80 per tonne cfr, amid weaker futures and steel markets.
Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $82.35 per tonne, down $2.56 per tonne. 62% Fe Pilbara Blend Fines, cfr Qingdao: $82.73 per tonne, down $2.56 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $81.07 per tonne, down $3.25 per tonne. 58% Fe fines high-premium, cfr Qingdao: $71.46 per tonne, down $2.03 per tonne. 65% Fe Brazil-origin fines, cfr Qingdao: $91.10 per tonne, down $2.80 per tonne.62% Fe fines. Fot Qingdao: 697 yuan per wet metric tonne (implied 62% Fe China Port Price $89.59 per dry tonne), down 11 yuan per wmt. 63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1200 per dry metric tonne unit, down $0.0050 per dmtu. Key driversChina's ferrous futures faltered across the board on Tuesday, with...