Iron ore spot prices in China increased by $1.6/t d-o-d to $124.1/t CFR China on 28 Feb’23. Buying activity in medium-grade fines increased marginally on the day, as market players saw consistent demand from steel mills, which boosted seaborne iron ore prices. Prices at Tangshan, Shandong, and Yangtze River ports remained mostly steady. During the day, there were several traders and mills buying at the portside.
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