Benchmark iron ore Fe 62% fines prices increased by $7.25/t to $125.05/t CFR China as buying interest picked up after the Golden Week holidays in China. Some mills in Tangshan, Jiangsu, Zhejiang and Anhui provinces have resumed production and are planning to increase their Oct’21 steel output. Market participants expect that Nov demand would either be stronger than Oct or remain more or less the same.
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