Spot iron ore Fe 62% fines price yesterday inched up by $1.6 d-o-d and settled at $124.9/t CFR China, on healthy steel margins and lower port inventories. Demand is expected to strengthen further in near-term due to frequent production curbs in Tangshan during this period as well as scheduled maintenance works at the mills. Iron ore futures in DCE, yesterday, rose by RMB 12.5 d-o-d, as per SteelMint’s daily assessment.
Leave a Reply