March 2018 | Steel Raw Materials
Prices slide to lowest level in 13 weeks: Iron Ore Market Analysis
Iron ore prices have been held down further by falling Chinese steel prices which turned the mood more bearish.
Iron ore prices fell again last week and have now shed 10.5% in two weeks. The bearish sentiment has taken hold of the market with the fines index spending the majority of the week below the $70 per tonne mark. Metal Bulletins 62% Fe fines benchmark averaged at $70.66 per tonne in the week ending Friday March 16, which is a 5.1% week-on-week drop and the lowest average price since the week ending 15 December.
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