Daily iron ore price update (restocking slowly)

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by Chris Becker

Spot iron ore prices were all over the place yesterday with lower grade fines lifting while higher quality dropped and the Tianjin spot price was broadly steady. Steel prices are going nowhere despite restocking efforts ahead of the Chinese NY holiday.




Meanwhile, BHP signalled yesterday that it needed a “perfect second half” of production to keep its forecasts on track, following the ore train derailment late last year.

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