The spot price of iron ore in China rose on 8 August on bullish steel data as well as lifting of sintering restrictions in the Hebei region. Benchmark Fe 62% fines prices inched up by $1.85/t to $108.8/t CFR China. The positive rebar data is most likely to be accountable for the price increase. Several sources also said that the lifting of sintering curbs may have also aided iron ore prices.
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