Author: Lalita
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Spot iron ore price inches up on stable demand outlook post-Chinese holidays
Spot price for iron ore Fe 62% fines inched up slightly by $0.90 d-o-d to $165.55/t CFR China as demand is expected to remain stable post-Lunar New Year holidays. According to sources, ‘There may not be an overall decrease in steel production after the Lunar New Year. Upcoming projects and new capacity are likely to…