[Ferro-Alloys.com] Seaborne iron ore prices pushed up on Wednesday September 4 after looser production restrictions were confirmed for steelmakers in Tangshan.

Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $91.32 per tonne, up $2.18 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $91.71 per tonne, up $2.18 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $89.10 per tonne, up $2.30 per tonne. 58% Fe fines high-premium, cfr Qingdao: $80.42 per tonne, up $4.14 per tonne. 65% Fe Brazil-origin fines, cfr Qingdao: $97.20 per tonne, up $1 per tonne. 62% Fe fines, fot Qingdao: 750 yuan per wet metric tonne (implied 62% Fe China Port Price, $96.14 per dry tonne), up 12 yuan per wmt.

Key drivers Market participants believe the “looser” restrictions imposed on steelmakers in north China’s hub of Tangshan for September-October, has generated an increase in buying interest. Around the end of August, a “suggestion draft” of the pollution emissions control measures was circulated to market participants, which was eventually finalized recently with no further amendments.  (Metalbulletin)

• [Editor:kangmingfei]