Seaborne iron ore prices dropped sharply on Friday November 26 amid weak iron ore demand expectations due to narrowing steel margins, sources said.Fastmarkets iron ore indices
62% Fe fines, cfr Qingdao: $96.67 per tonne, down $5.68 per tonne
62% Fe low-alumina fines, cfr Qingdao: $97.56 per tonne, down $5.80 per tonne
58% Fe fines high-grade premium, cfr Qingdao: $69.60 per tonne, down $5.31 per tonne
65% Fe Brazil-origin fines, cfr Qingdao: $111.40 per tonne, down $6.50 per tonne
63% Fe Australia-origin lump ore premium, cfr Qingdao: $0.1350 per dry metric tonne unit (dmtu), unchanged
62% Fe fines, fot Qingdao: 649 yuan per wet metric tonne (implied 62% Fe China Port Price: $92.88…
According: metalbulletin
