Iron ore fines (Fe 62%) spot prices inched up by $1.4/dmt d-o-d to $102.9/dmt CFR China on 11 Aug’25. China’s recent production cut announcements boosted the steel market and, in turn, raw material tags. However, it is uncertain whether the uptrend will sustain amid ample supply. Seaborne trading remained muted, with medium-grade fines favoured ahead of the cuts.
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