Seaborne iron ore prices inched higher on Wednesday, with an increase in May iron ore imports suggesting firm demand.
The Kallanish KORE 62% and 65% Fe indices increased by $2.73/tonne and $1.47/t respectively on Wednesday to $111.3/dry metric tonne cfr Qingdao and $122.04/dmt cfr. Meanwhile, the KORE 58% Fe index rose by $1.23/t to $99.77/dmt cfr. 90,000 tonnes of Newman fines and 170,000t of Carajas fines were booked at $109.2/t and…
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