China’s iron ore fines (Fe 62%) spot prices rose marginally by $0.3/t d-o-d to $97.20/t CFR on 29 May’25. The slight increase was driven by a modest recovery in market confidence and some rebound in downstream steel demand. However, trading activity remained low due to stagnant market fundamentals. Poor landing margins for medium-grade fines kept premiums low, while mills were comfortable with their profit levels.
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