Author: Lalita
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China: Iron ore spot prices tumble on demand concerns
The spot price of iron ore Fe 62% fines fell by $5.95/t to $214.10/t, CFR China, as seasonally weak demand for steel products put a dampener on iron ore demand. Trade participants turned cautious due to safety and environmental curbs in the major steel hubs in China as well as weak downstream demand. DCE iron…