The spot price of iron ore in China rose on 11 August on improved market sentiment following the restart of production at steel mills. Benchmark Fe 62% fines prices inched up by $2.2/t to $110.6/t CFR China. Seaborne buying interest was slightly lower than the previous day, with only a few trades concluded in the market. Offers in the seaborne market remained plentiful, leading to cautious purchasing.
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