Iron Ore’s New-Year Reset: Benchmark Shift Meets Softer Steel And Rising China Stocks

Key Points Iron ore held near $105 a ton as weaker steel output met resilient imports and rising port inventories. A benchmark shift took effect, moving Platts IODEX from 62% to 61% Fe and reshaping basis trades. China’s state buyer and big miners are contesting pricing, while SGX remains the main risk screen. Iron ore […]