Seaborne iron ore concentrate and pellet prices advanced in the week ended December 21 amid a general pickup in markets of the steelmaking raw material.
ConcentratesFastmarkets' weekly MB 66% Fe Iron Ore Concentrate Index stood at $90.27 per tonne cfr China last Friday, up by $2.66 per tonne from December 14.The daily MB 65% Fe Iron Ore Index averaged $85.94 per tonne cfr China last week, compared with an average of $83.60 per tonne cfr China the previous week. The average of MB 62% Fe Iron Ore Index also increased to $70.63 per tonne cfr last week from $67.44 per tonne cfr a week earlier.The increase in the MB 66% Fe Concentrate Index (MBIOI-CO) was based on the visible market activity detailed below. No data was discarded in the calculation of these indices. Any data...