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Iron ore prices gained ground on Wednesday September 2 in line with China’s downstream steel futures price performance due to strong demand expectations for September and October, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $127.31 per tonne, up $2.65 per tonne 62% Fe low-alumina fines, cfr Qingdao: $127.90 per tonne, up $2.80 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $111.22 per tonne, up $0.59 per tonne 65% Fe Brazil-origin fines, cfr Qingdao: $140 per tonne, up $2.40 per tonne 62% Fe fines, fot Qingdao: 952 yuan per wet metric tonne (implied 62% Fe China Port Price: $129.44 per dry tonne), up by 1 yuan per wmt Key drivers The most-traded January iron ore futures contract on the Dalian Commodity Exchange had a strong afternoon session when the contract rose by 1% in comparison with Tuesday’s close, and maintained the incremental rise to the end of the day.