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MYSTEEL: China's medium-low grade iron ore price spread hits intra-year high

Source: Mysteel May 26, 2026 17:15
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Imported Iron Ore Demand Price Supply
Although China's imported iron ore prices have retreated over the past two weeks, the pace of decline has varied across different products. In particular, low-grade ore has come under greater pressure than medium-grade ore, causing the price spread between the two to widen rapidly, according to Mysteel's new report.
As of May 25, the spread between 61.5% Fe PB Fines and 56.5% Fe Super Special Fines (SSF) at Qingdao port under Mysteel's assessment had expanded to Yuan 147/wmt ($21.7/wmt), up 17.6% from a month earlier and the widest so far this year.     The widening gap was mainly driven by

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