Iron ore fines (Fe 62%) spot prices dipped by $2.2/dmt d-o-d to $103.9/dmt CFR China on 26 Sep’25. Prices dropped amid a negative outlook following news of a possible 25-50% tariff on Chinese steel imports into Europe. Additionally, narrowing mill margins and rising iron ore inventories, coupled with persistently high steel stocks, are expected to keep the market under pressure.
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