Iron ore fines (Fe 62%) spot prices inched down by $0.6/t d-o-d to $102.2/t CFR China on 15 May’25. Market sentiment was supported by strong trade activities and high molten metal output; however, prices declined, as mills focused on margin optimisation. Similarly, China’s portside iron ore prices inched down d-o-d amid a mix of offers in the market.
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