Iron ore price in future market continues to drop, now reads another 5% down from yesterday.
Report shows last week port inventory level increased by 6 million tons which is way above general expectation. With the continuous iron ore down price, HRC steel price this week has been softer day by day due to bad transaction in the market.
Here are Indian prices to Antwerp this week:
HRC: 500 usd/ton CFR
CRC: 575 – 580 usd/ton CFR
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