On 8 Jul’22, the spot price of iron ore in China fell slightly due to limited trading activity. Benchmark Fe 62% fines prices inched down by $0.8/t to $114.05/t CFR China. Steelmakers remained cautious about buying due to negative mill margins. Mill sources stated that margins have improved slightly as a result of lower coke prices, although steel prices are under pressure due to weak demand.
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