June 2015 | Steel Raw Materials
China’s major seaborne iron ore benchmarks tumble from their recent five-month high: Latest Analysis
Iron ore major Rio Tinto has stressed a long-run iron ore price average at $50/t, and MBR expects that capacity expansions, new supply, and the reversal of supply cuts in the second half of the year will keep a lid on iron
ore benchmarks.
CHINAS MAJOR SEABORNE IRON ORE BENCHMARKS TUMBLE FROM THEIR RECENT FIVE-MONTH HIGH Major Chinese seaborne iron ore import prices tumbled to $60.02/t on Monday 22nd June, as domestic mills preferred to purchase material from local ports. Indeed, Chinas iron ore port stocks fell 1.7Mt to 80.3Mt in the week ending Friday...
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