Higher lump premiums and Brazilian freight push imported iron ore margins negative

The average imported iron ore margin fell from 1.82 yuan/mt to -0.73 yuan/mt this period, driven by higher lump premiums and rising Brazilian freight rates. Iron ore demand continues to decline. As of 23 September, the blast furnace operating rate across 242 mills tracked by SMM stood at 88.76%, down 0.17 percentage point week on ...

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