Europe steel mills face new high for iron ore costs
Despite low steel demand, iron ore relative costs to metallurgical coal in European steel making have exceeded the last peak in July 2019, according to Samp;P Global Platts analysis. Iron ore prices in Europe have seen support from contracts linked to China''s import spot fines prices, which have surged to 118/dry mt CFR China this week, even with lower contract pellet and lump premiums.