Daily iron ore price update (seasonal surge)

Iron ore prices for November 11, 2020:

Spot up. Paper up more. Steel has not updated. Empties are fine:

No surprises here. It’s the classic seasonal surge as mills restock for Q1 weather risks.  I don’t think prices will go much higher but you never know.

No change for me. Firm prices through new year and Q1 then down.

David Llewellyn-Smith

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