Billet price plunge drags down seaborne spot iron ore prices

摘要

The seaborne iron ore market fellTuesday after Chinese billet prices tanked, withthe gap between bids and offers widening,sources said.The 62% Fe Iron Ore Index (IODEX)was assessed at $56.50/dry mt CFR NorthChina Tuesday, down $1.85/dmt from thelast assessment Friday. There were noassessments Monday due to a public holidayin Singapore.