Author: Lalita
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China’s iron ore spot price falls on demand concerns
The spot price of iron ore (Fe 62%) fines fell by $4.65/t to $218.20/t CFR China amidst expectations of tighter production curbs. A few regions including Tangshan, which had resumed production in early-Jul’21 post the centennial celebrations, are heard to have started implementing restrictions to cut crude steel production in H2 to meet the government’s…