MYSTEEL: 65-61.5% Fe fine price spread hits 3-m low at Chinese ports

China's blast-furnace (BF) steelmakers have increasingly turned away from high-Fe grade iron ore fines to favor medium-Fe grades in the recent couple of weeks, resulting in a notable narrowing in the price spread between the two categories.

Mysteel's assessment showed that as of November 12, the spread between 65% Fe Carajas Fines and 61.5% Fe PB Fines at Qingdao port narrowed to Yuan 100/wmt ($14/wmt), falling off from the intra-year high of Yuan 139/wmt on September 30 to hit the lowest level since August. While prices across