Daily iron ore price update (port charge slog)

Advertisement

The iron ore complex rose once again Friday, sending spot prices slightly higher while Dalian futures rose over 3%, dragging rebar and coking coal higher as stainless steel futures also lifted:

Advertisement

The WA Government has slogged iron ore ship operators in the Pilbara region, trying to extract yet more funds this time in the form of a charge to offset dust pollution costs. More from the ABC:

From March 1, the Pilbara Ports Authority will impose a $13,450 levy on every major ship load of iron ore from the world’s largest bulk export port at Port Hedland, 1,650km north of Perth.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe