Spot iron ore strengthens on steel uptick, higher trades

摘要

Seaborne iron ore extended strong gains for the second day Monday, as confidence was buoyed by a large upswing in rebar futures and physical billet prices. All the major miners sold cargoes at prices exceeding market expectations, and Platts assessed the 62% Fe Iron Ore Index 6.25 dollars/dry mt higher at 97 dollars/dmt CFR North China.