Seaborne iron ore prices were mostly stable on Wednesday November 25, with mill margins still healthy despite mixed expectations on steel demand, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $127.41 per tonne, down $0.01 per tonne
62% Fe low-alumina fines, cfr Qingdao: $127.69 per tonne, up $0.02 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $119.24 per tonne, up $0.67 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $139.60 per tonne, up $0.60 per tonne
62% Fe fines, fot Qingdao: 898 yuan per wet metric tonne (
implied 62% Fe China Port Price: $126.38 per dry tonne), down by 6 yuan per wmt
Key drivers
The most-traded...