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DAILY: China’s portside iron ore price firms

Mysteel’s PORTDEX 62% Fe iron ore fines grew by Yuan 17/wmt ($2.4/wmt) on day to reach Yuan 656/wmt FOT Qingdao and including the 13% VAT on April 8. On Wednesday, the SEADEX 62% Fe iron ore fines price rose too by $1.7/dmt on day to settle at $83.4/dmt CFR Qingdao.
Inquiry activities for ore at major portside markets warmed up today, chiefly because of the growing demand from steel mills, according to a source based in Tangshan, North China’s Hebei province. “Blast furnace operations have kept recovering this week (in Tangshan), as new pollution curbing measures have not been implemented

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