Iron ore spot price yesterday saw a slight fall of $0.25 amid expectations of lower steel production in Northern China. Price for Fe 62% fines dropped to $171.10/t CFR China. Sentiments for winter iron ore demand dipped after the notice of production controls in Hebei province was released over the weekend due to poor environmental conditions. Meanwhile, DCE iron ore futures decreased by RMB 21, as per SteelMint assessment.
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