Iron ore prices for March 12, 2018:
Tianjin benchmark fell $1.25 to $69. Paper down again overnight. Coking coal following. Steel was stable.
Advertisement
We already know that iron ore inventories are at extreme all-time highs in China. Now you can add steel stocks with Steelhome yesterday reporting that traders have now piled up 9.64mt of rebar, the highest ever for the Q1 restock: