Iron ore fines (Fe 62%) spot prices dropped by $1.75/dmt d-o-d to $101.85/dmt CFR China on 1 Sep’25. The price correction came as trading slowed, with high-low blending preferred to ensure cost efficiency. Port-stock prices in China decreased amid thin liquidity, though lump premiums held firm, supported by their cost-effective use as direct feedstock from the mills.
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