March 2018 | Steel Raw Materials
Fines benchmark slides to 5-week low: Iron Ore Market Analysis
Pellet prices remain firm in a market which is relatively tight compared to fines.
The iron ore market has become more bearish. Prices fell for all iron ore product types for the first time in five weeks. Metal Bulletins 62% Fe fines index saw the harshest week-on-week drop in six months as it tumbled to the lowest since early February, settling at $74.45 per tonne on average the week ending Friday March 9. Metal Bulletins 65% pellet index also fell week on week, sliding down to $117.91 per tonne, which is a three-month low. On Monday March 12, the fines index even dipped below $70 per tonne for the first time...
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