Iron ore prices were largely steady on Monday October 29, with limited liquidity in the spot market amid expectations of a loosening of steelmaking restrictions in China.
MB 62% Fe Iron Ore Index: $76.48 per tonne cfr Qingdao, unchanged.MB 62% Fe Pilbara Blend Fines Index: $75.51 per tonne cfr Qingdao, unchanged.MB 62% Fe Iron Ore Index-Low Alumina: $80.23 per tonne cfr Qingdao, down $0.17 per tonne.MB 58% Fe Premium Index: $68.69 per tonne cfr Qingdao, up by $0.88 per tonne.MB 65% Fe Iron Ore Index: $98.60 per tonne cfr Qingdao, up by $0.20 per tonne.MB 62% Fe China Port Price Index: 596 yuan per wet metric tonne (implied 62% Fe China Port Price $76.07 per dry tonne), up 7 yuan per wmt.Key driversChina's steel futures retreated during the day while the benchmark iron ore contract stayed rangebound amid further clues that the winter production restrictions will be looser than previously...