Seaborne iron ore prices observed rangebound movements on Wednesday July 15 amid uncertainty surrounding the near-term demand on steel because of the flooding caused by heavy rainfalls in southern China.
Fastmarkets iron ore indicesThe most-traded September iron ore contract on the Dalian Commodity Exchange (DCE) started the morning trading session with a drop, shaving off as much as 1.5% compared with the previous day's closing value before the mid-day break, but the contract managed to recover toward the close of the afternoon trading session, eventually ending around 0.18% lower...