Iron ore Fe 62% fines spot price, yesterday gained by $0.8 d-o-d to settle at $150.75/t CFR China on expectations of stable restocking. Mid-grade fines remained on-demand while among low-grade fines, demand for Indian low-grade fines strengthened on better value. On the other hand, SteelMint’s price assessment of iron ore futures showed a rise of RMB 6.5 d-o-d as the most traded iron ore contract for May delivery in Dalian Commodity Exchange closed at RMB 918.5/t.
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