Iron ore fines (Fe 62%) spot prices dipped by $0.25/t d-o-d to $94.95/t CFR China on 10 Jun’25, as mills increased their use of mid-grade fines to curb costs. Trading was healthy, with end-July cargoes showing a flatter price trend against near-term shipments amid comfortable supply and soft demand. Mill inventories were low, and procurement focused on portside stocks.
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