Prices
March 31, 2020
CRU: Iron Ore Prices Rise Despite Worsening Global Outlook
Written by Eduardo Tinti
By CRU Credit Research Analyst Eduardo Tinti, from CRU’s Steelmaking Raw Materials Monitor
Last week iron ore prices increased, supported by news of mining bans in Canada and South Africa before being pulled down due to the worsening global demand outlook after the spread of the COVID-19 pandemic led governments around the world to adopt containment measures. On Tuesday, March 31, CRU assessed the 62% Fe fines price at $83.0 /t, $2 /t higher w/w.
