The spot prices of iron ore in China fell d-o-d after a weakening market scenario amid growing infection rates in the nation. Benchmark Fe 62% fines prices inched down by $0.55/t to $109.75/t CFR China on 14 Dec’22. Many Chinese end-users have remained cautious and gloomy as mill margins continue to be negative, and the country’s rising Covid-19 case count restricts any market recovery.
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