CLF—From today’s CC: freight cost from the Bloom Lake port in Sept-Îles, Quebec (on the Gulf of Saint Lawrence) to Tianjin, China averages $25-30 per metric tonne.
Also, CLF's Bloom Lake output receives a $9/tonne premium to the 62%-Fe spot price due to its Fe content of 66%.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”