Iron ore fines (Fe 62%) spot prices decreased by $1.15/t d-o-d to $103.75/t CFR China on 22 Jan’25 amid subdued market fundamentals and reduced spot procurement activity. Seaborne trading volumes tapered off as mills completed their purchasing requirements, resulting in a quieter market towards the end of the week. Market sentiment was further impacted by discussions surrounding potential US tariffs on Chinese imports.
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