Seaborne iron ore prices remained below $70 per tonne cfr China on Wednesday December 19, with market participants cautious over the more stringent implementation of steelmaking restrictions in China.
MB 62% Fe Iron Ore Index: $69.15 per tonne cfr Qingdao, up $0.12 per tonne. MB 62% Fe Pilbara Blend Fines Index: $68.95 per tonne cfr Qingdao, up $0.12 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $72.06 per tonne cfr Qingdao, up $0.48 per tonne. MB 58% Fe Premium Index: $61.76 per tonne cfr Qingdao, down $0.11 per tonne. MB 65% Fe Iron Ore Index: $85.30 per tonne cfr Qingdao, unchanged. MB 62% Fe China Port Price Index: 552 yuan per wet metric tonne (implied 62% Fe China Port Price $70.82 per dry tonne), up 7 yuan per wmt. Key driversGrowing pollution levels have prompted the authorities to impose stricter restrictions on steelmaking production for the winter heating season in north China, sources told Fastmarkets. The authorities have already imposed a 40-100% cut on sintering and pelletizing production in the steel production hub of Tangshan from Wednesday December 19 until...