Iron ore prices fall on weaker steel

摘要

The seaborne iron ore marketdropped Thursday after steel pricesweakened, leaving mills reluctant to restockon the bearish steel outlook.S&P Global Platts assessed the 62% Fe IronOre Index at $66.10/dry mt CFR North ChinaThursday, down $1.45/dmt from Wednesday.The front-month January TSI swap was down$2.45/dmt from Wednesday at $63.60/dmt.“I think steel prices are yet to touchthe bottom, there are a lot of uncertaintiesabout next January,” a Beijing-basedprocurement source said.