Seaborne iron ore prices rose further on Tuesday January 8, edging closer to the $75-per-tonne-cfr mark. Positive trading atmosphere extended in the physical iron ore markets during the day, while billet price in northern China’s steel hub of Tangshan ticked up by another 20 yuan ($2.90) per tonne.A number of mainstream 62% Fe seaborne iron ore cargoes changed hands on platforms or via tender in the day, at stronger fixed prices or steady premiums against indices.While relatively tight supply of 62% Fe Australian fines continued to underpin their prices, some 62% Fe Brazilian fines are already available at index flat or even at discounts, according to sources.This is in line with Chinese mills’ lower sensitivity of alumina content in iron ore, given lackluster profit levels.
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