Seaborne iron ore prices were down on Monday October 12 following a recent announcement that environmental restrictions would be imposed on steelmakers in Tangshan slightly earlier than last year, according to trade sources.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $124.23 per tonne, down $1.49 per tonne
62% Fe low-alumina fines, cfr Qingdao: $124.44 per tonne, down $1.35 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $115.07 per tonne, down $1.23 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $136.80 per tonne, down $1.20 per tonne
62% Fe fines, fot Qingdao: 931 yuan per wet metric tonne (implied
62% Fe China Port Price: $128.95 per dry tonne), down by 3 yuan per wmt
Key drivers
Market participants received notices from the authorities informing of an earlier...