Spot prices of iron ore in China fell for the third successive day on 22 Mar’23. Benchmark Fe 62% fines prices stood at $121.4/t CFR, down $3.3/t d-o-d. Prices have dropped by $10.6/t since the beginning of this week. With the continuous fall in prices, imports margins have recovered, resulting in an improvement in procurement activities in the seaborne market.
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