Iron ore (Fe 62%) fines spot prices increased by $2.65/t d-o-d to $107.90/t CFR China on 19 Mar’24 amid recovery in buying activities. A few end-users were seen restocking iron ore at seasonally low prices. However, the recent hike in prices raised concerns over their sustainability because of dull downstream demand. Steel manufacturers are finding medium-grade fines more cost effective.
