Imported iron ore margin narrows to 1.03 yuan/mt as port prices slump

The average imported iron ore margin narrowed from 9.79 yuan/mt to 1.03 yuan/mt in the latest period, weighed down mainly by a sharp fall in port spot prices. On fundamentals, SMM survey data showed total iron ore stocks at 10 ports at 104.65 million mt on October 22, down 490,000 mt from the previous survey. ...