Steel price bump buoys seaborne iron ore spot pricing

摘要

The seaborne iron ore marketrose Tuesday as a hike in steel prices buoyedconfidence and pushed up spot trade tofirmer levels.Platts assessed the 62% Fe Iron Ore Index(IODEX) at $62.75/dry mt CFR North China, up$2/dmt on the previous day. The front-monthNovember IODEX swap was up $0.70/dmt fromMonday to $62.50/dmt CFR North China.