Iron ore fines (Fe 62%) spot prices rose by $2.25/t d-o-d to $101.95/t CFR China on 26 Jul’24 amid improved macroeconomic indicators and a slight rebound in market sentiment. As per report, the market outlook was bolstered by better-than-expected economic data from the US, where the Q2CY’24 GDP growth was reported at 2.8%, surpassing the previous quarter’s 1.4%.
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