Intel Details

Spot iron ore price shoots up on strong demand

Fines/Lumps
11 May 2021, 10:42 IST
Steel Mint Intel

Spot iron ore Fe 62% fines price jumped by $16.8/t to $229.55/t CFR China as demand continues to remain strong. Procurement activities continued with bullish sentiments, propelling the iron ore prices to greater heights. Market sources primarily chalked up the heated demand to the strength in the steel margins. DCE iron ore futures yesterday hit the highest level surging by RMB 99.5/t to RMB 1,326/t.

11 May 2021, 10:42 IST
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