Iron ore fines (Fe 62%) prices declined by $1.25/dmt d-o-d to $104.6/dmt CFR China on 4 Nov’25. Prices fell further amid weak trading and soft fundamentals, pressured by higher coal costs and shrinking steel mill margins. Tangshan’s sintering curbs and poor air quality weighed on demand, with sellers reducing offers to stay competitive and some mills temporarily halting operations.
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