Prices
August 21, 2020
CRU: Import Restrictions on Australian Ore Keeping Iron Ore Above $120/dmt
Written by Erik Hedborg
By CRU Senior Analyst Erik Hedborg from CRU’s Steelmaking Raw Materials Monitor
Iron ore prices have held steady in the past week as import restrictions on Australian ore have disrupted the supply chain and reduced the availability of Australian fines. As a result, port inventories of fines products remain at the lowest level in years. This has pushed up the prices of medium-grade fines and on Tuesday, Aug. 25, CRU has assessed the 62% Fe fines price at $123.0/dmt, unchanged w/w.
