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    February 18, 2020

    CRU: Iron Ore Back Above $90

    Written by Erik Hedborg

    By Senior Analyst Erik Hedborg, from CRU’s Steelmaking Raw Material Monitor

    Iron ore prices rebounded in the past week as arrivals of seaborne iron ore to China were at their weakest level in over six months. Port stocks in China fell w/w and talks about further stimulus and a drop in the number of new Covid-19 infections brought the bullish sentiment back to the iron ore market. On Tuesday, Feb. 18, CRU has assessed the 62% Fe fines price at $91.0 /dmt, up by $8.0 /dmt w/w.

    Erik Hedborg

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