Iron ore prices continue climbing in China, posting $3/t hike over a week

摘要

Iron ore sellers continued testing the market with higher prices on Friday, posting $3/t surge over a week, as demand was still holding up in China. Australian iron ore fines 62% Fe was assessed $0.5/t higher from Thursday, at $64.5/t CFR. “Although, there are offers coming at $65/t CFR already, I don’t think mills could accept that, as many of them are preparing to conduct maintenances,” a trader source told Metal Expert.