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    CRU

    March 16, 2021

    CRU: Iron Ore Reaches a Record-High of $220/dmt

    Written by Erik Hedborg

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

    Iron ore prices have jumped by over $30 /dmt in the past week as Chinese markets reopened with exceptionally bullish sentiment among futures traders. Both iron ore and steel prices witnessed unprecedented price increases in the past week and on May 11, CRU assessed the 62% Fe fines price at $220.0 /dmt, a $32.0 /dmt increase w/w.

    Erik Hedborg

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