Iron ore fines (Fe 62%) prices edged up by $0.1/dmt to $108.25/dmt CFR China on 22 Dec against 19 Dec. Trading stayed muted amid weak demand and ample non-mainstream Brazilian supply. The conclusion of some deals in Tangshan failed to lift sentiment, as lower pig iron output kept mill buying subdued. Although falling coke prices slightly boosted steel mills’ margins, iron ore prices remained narrowly range-bound.
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