Spot prices of iron ore Fe 62% fines fell by $3.5/t d-o-d to $89.5/t CFR China on 25 Oct’22 on weak seaborne liquidity and decreasing steel prices. Seaborne buying interest was low due to pessimistic outlook for the iron ore market. Portside demand for high-grade fines and direct feed like lumps and pellets was weak as mills’ margins remained low.
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