Industry News

Iron ore price down ahead of China’s central bank rate announcement

Views : 202
Update time : 2022-06-15 20:51:33

Iron ore prices fell on Tuesday as fresh covid-19 outbreaks in China clouded demand prospects in the world’s top steel producer.

Market focus has turned to the People’s Bank of China, which could cut the rate on its medium-term lending facility on Wednesday.

Benchmark 62% Fe fines imported into Northern China fell 1.24% Tuesday morning, to $134.18 per tonne.

Related News
Read More >>
India's ISSDA looks for AD duties on stainless steel imports India's ISSDA looks for AD duties on stainless steel imports
May .13.2025
India's ISSDA looks for AD duties on stainless steel imports
India's ISSDA looks for AD duties on stainless steel imports India's ISSDA looks for AD duties on stainless steel imports
May .13.2025
India's ISSDA looks for AD duties on stainless steel imports
Rio Tinto & SMM finalize joint venture for Winu copper-gold project Rio Tinto & SMM finalize joint venture for Winu copper-gold project
May .13.2025
Rio Tinto & SMM finalize joint venture for Winu copper-gold project
LME nickel price surges on US-China trade talk hopes LME nickel price surges on US-China trade talk hopes
May .13.2025
LME nickel price surges on US-China trade talk hopes