Physical iron ore prices continued to slide on Friday September 20 amid further losses in the steel markets.
Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.56 per tonne, down $0.67 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $92.95 per tonne, down $0.67 per tonne.62% Fe low-alumina fines, cfr Qingdao: $90.78 per tonne, down $0.69 per tonne.58% Fe fines high-premium, cfr Qingdao: $80.36 per tonne, down $1.17 per tonne.65% Fe Brazil-origin fines, cfr Qingdao: $99 per tonne, down $0.90 per tonne.62% Fe fines, fot Qingdao: 760 yuan per wet metric tonne (implied 62% Fe China Port Price, $98.69 per dry tonne), down 3 yuan per wmt.Key driversChina's steel futures stayed in the negative territory on Thursday night and on Friday, while the spot rebar and hot-rolled coil prices in the country also fell 20-60 yuan per tonne on Friday.Spot iron ore trading at Chinese ports cooled...