Seaborne iron ore concentrate and pellet prices surged in the week to Friday July 17, inspired by higher prices for mid- and high-grade fines, traders told Fastmarkets.
Fastmarkets iron ore indicesRising fines prices were the main driver of the higher concentrate prices, with the weekly average of Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao on Friday, up by $5.68 per tonne, or 4.85%, compared with the previous week's $117 per tonne. Fastmarkets' 62% Fe fines, cfr Qingdao index, meanwhile, saw a week-on-week climb of $7.29 per tonne, or 7%, to reach $111.56 per tonne, up from $104.27...