Iron ore fines (Fe 62%) spot prices increased by $1.95/t d-o-d to $95.10/t CFR China on 2 Jul’25. The hike was driven by positive macroeconomic signals, improved futures sentiment, and supportive policy news. The continued better margins of steel mills and regional sintering cuts may enhance lump demand, providing price support. Meanwhile, market sentiments improved following higher finished steel sales.
Leave a Reply