Iron ore 65% Fe fines premiums rise as China steel demand recovers

摘要

London—Stronger Chinese steel markets aided by stimulus are helping boost premiums for 65% Fe fines over benchmark iron ore fines, according to analysis by S&P Global Platts Tuesday. As Chinese steel output and demand recovered from the COVID- 19 outbreak in the first quarter, Vale’s IOCJ fines have seen prices increase over mid-range fines since April. The price increases also support iron ore concentrates, which typically trade using the fines as a base. COVID-19 measures have disrupted shipments of concentrates and lump ores from South Africa, Chile, Canada and Peru in April, according to trading sources.