Seaborne iron ore prices were down on Thursday April 16 with market participants assessing the likely effects of restrictions on blast furnace-based steel output in the Chinese production hub of Tangshan until the end of April, as part of a package of environmental protection measures.
Fastmarkets iron ore indicesA mill source in Tangshan said that the restrictions on blast furnaces were likely to be at their most strict in Fengnan, while other districts may see less stringent curbs. The source estimated that his mill would lose 60,000 tonnes per day of hot metal production,...