Sharp steel price decline pushes down spot iron ore

摘要

The spot iron ore market retreatedfurther Wednesday, as a sharp fall in steelprices punctured consumer confidence andpushed down trade levels.S&P Global Platts assessed the 62% Fe IronOre Index (IODEX) at $69/dry mt CFR North China,down $3.15/dmt on the previous day. The frontmonthJanuary IODEX swap was down $2.55/dmtfrom Tuesday at $67.25/dmt CFR North China.