CRU: Iron Ore Prices March Ahead, But Coal Market Unchanged

By CRU Steel Prices Lead Anh Nghiem, from the Steelmaking Raw Materials Monitor

Iron ore prices have been gradually increasing over the past week with improving steel prices and positive signals from the Chinese futures market. According to a market source, market participants’ confidence has improved significantly since steel prices started to increase and this was reflected in the strong iron ore futures market in China. On the supply side, shipments from Port Hedland have held steady at a high level, registering a third consecutive week of exceeding 10 Mt.