Iron ore (Fe 62%) fines spot prices declined by $3.15/t d-o-d to $107.15/t CFR China on 13 Mar’24 due to poor market dynamics for seaborne ore coupled with sluggish downstream steel performance. Bearish demand fundamentals continue to weigh on seaborne pricing. However, mills are seeking to purchase high-grade ore to blend with high-alumina Indian fines.
