August 2018 | Steel Raw Materials
Steady rise in the fines benchmark: Iron Ore Market Analysis
While the price rise in the fines benchmark has been steady, the pellet index has moved more dramatically as it spiked several times the past month.
The iron ore fines price rose last week and continued its now month-long climb, reaching the highest levels since March. Metal Bulletins 62% Fe fines index rose 2.8% on the week ending Friday August 10 and averaged $69.26 per tonne. The benchmark has still not edged over the $70-mark in the second or third quarter this year, but last weeks level was the highest price it has reached in five months. The price increase we saw in the fines...
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