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    CRU

    March 16, 2021

    CRU: Iron Ore Bounces Back on Supply Concerns

    Written by Erik Hedborg

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

    Iron ore prices have risen in the past week and are currently trading at close to $220 /dmt. We see little change on the demand side and sources have mentioned that supply uncertainty is the main driver of the recent rally. On Tuesday, June 15, CRU has assessed the 62% Fe fines price at $217.0 /dmt, up by $16.0 /dmt in the past week.

    Erik Hedborg

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