The seaborne iron ore market received some bolstering on the first working day of 2018, with prices for port materials as well as billet rising as well.
Key drivers In China's Tangshan, the price of billet rose 40 yuan ($6) per tonne over the weekend to 3,710 yuan per tonne. The price rose a further 20 yuan per tonne on Tuesday to 3,730 yuan per tonne.Premiums for index-linked January-delivery Capesize cargoes of Pilbara Blend fines were sustained at about $2 per tonne. For shipments of Pilbara Blend lumps, they now carry a premium of about $0.20-0.30 per tonne in addition to their lump premium...