Iron ore fines (Fe 62%) spot prices were stable d-o-d at $99.40/t CFR China on 28 Apr’25. Limited but fresh trading activity supported prices, even as the broader market outlook remained weak. The recent rise in molten iron production boosted market optimism, prompting mills to explore the spot market for pre-holiday purchases. However, renewed rumours of production cuts tempered buying sentiment, particularly for premium products.
Leave a Reply