• Iron ore prices firm further

    UNITED KINGDOM June 16 2017 4:35 PM

    LONDON (Scrap Register): Iron ore prices firmed further on Friday as transactions took place at higher levels, according ti the Steel Index.

    An Australian miner sold 62% Fe PB Fines over the globalORE platform at 55.25, as well as a shipment of PB Lumps on a floating price basis.

    Another Australian miner sold 60.8% Fe fines just above 50 as well as 61.2% Fe material on a floating price basis. On COREX, 61% Fe basis PB fines changed hands at 54.1, while 56.7% Fe Super Special fines traded 37.2.

    In China, port stock iron ore prices went up around RMB 5/t. Spot billet prices in Tangshan gained RMB 20 a ton. Spot rebar prices in Beijing rose RMB 15 a ton.

    The most active DCE iron ore contract rose 0.95% and SHFE rebar futures inched up 0.36%.

    All prices US$/dmt CFR China unless otherwise stated

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