Seaborne iron ore lump premiumssteadied out Wednesday as some buyingemerged from Chinese end-users who deemedprices conducive for restocking. Platts weeklyspot lump premium was assessed at $0.0425/dry mt unit, unchanged on week.Sources said lump demand was benefitingfrom pellet being too expensive, despiteproductivity not being a concern for mills."Demand for lump cargoes is doing relativelyokay. The premiums are actually quitegood for buying more of such material," asteelmaker based in Hebei said. "Conversely,pellet is the hardest to sell right now fortraders and producers. Mills all deem it's tooexpensive to accept."
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