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    October 13, 2020

    CRU: Iron Ore Holding Steady at $124

    Written by Erik Hedborg

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

    Iron ore prices have remained steady in the past week as a price increase last Thursday was met by similar falls in the past few days. Steel prices in China have risen after the holidays on an optimistic demand view, but iron ore availability has improved in the past week with port stocks exceeding 120 Mt for the first time since March. On Tuesday, Oct. 13, CRU has assessed the 62% Fe fines price at $123.0 /dmt, down marginally w/w.

    Erik Hedborg

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