Spot ore prices up on steel rally, stronger demand

摘要

Seaborne iron ore prices rose for the first time in five days Wednesday, tracking an improvement in Shanghai rebar futures and physical billet. Platts assessed the 62% Fe Iron Ore Index $1.75/dry mt higher at $116.50/dmt CFR North China. The rebound in rebar futures buoyed iron ore market sentiment as Asian trading wore on.