Demand for seaborne iron ore concentrate and pellets fell last week amid a stagnant steel market in China due to the outbreak of the novel coronavirus (2019-nCoV) in the country.
ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $99.07 per tonne last Friday February 7, down by $3.54 per tonne from a week earlier.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $97.58 per tonne last week, down by $5.35 per tonne from an average of $102.93 per tonne a week earlier.The price movement was based on the visible market activity detailed below, which was included in the index calculation according to published methodology. No data was discarded in the calculation of these indices. Any data received under Data...