Chinese iron ore fines (Fe 62%) spot prices fell by $0.85/t d-o-d to $104.40/t CFR on 16 Oct’24. Prices remained under pressure amid subdued trading as market participants awaited insights from today’s press conference by the Ministry of Housing and Urban-Rural Development regarding the property sector. However, due to narrowing margins, Chinese steel mills are focusing more on medium- and low-grade fines.
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