The spot price of iron ore Fe 62% fines fell sharply by $22.85/t to $130.20/t CFR China on 19 Aug’21. Bearish sentiments in the Chinese steel market, a weak demand outlook and falling iron ore futures have collectively dragged spot prices down. As per market sources, downstream steel demand in China has softened amidst expectations of tight production curbs in the coming months.
Leave a Reply