Iron ore fines (Fe 62%) spot prices remained firm d-o-d at $95.75/t CFR China on 9 Apr’25 amid weak macroeconomic sentiment and tariff uncertainties. Ongoing global tariff discussions made the market more volatile, deterring seaborne cargo purchases. Despite mills recording slight profits, squeezed margins led to subdued demand for high-grade iron ore products, contributing to an overall cautious market outlook.
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