Iron ore prices increased on Friday March 26, supported by the strong steel prices, especially in billet, sources told Fastmarkets.
Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $161.30 per tonne, up $1.45 per tonne
62% Fe low-alumina fines, cfr Qingdao: $162.74 per tonne, up $0.61 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $147.66 per tonne, up $0.69 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $190.80 per tonne, up $0.40 per tonne
62% Fe fines, fot Qingdao: 1,123 yuan per wet metric tonne (implied
62% Fe China Port Price: $159.92 per dry tonne), up by 6 yuan per wmt
Key drivers
The most-traded May iron ore futures contract on the Dalian Commodity Exchange (DCE) increased steadily after opening, ending up by 2% from Thursday's closing price of 1,067.50...