Author: Lalita
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China: Iron ore spot price plummets on weak steel sentiments
The spot price of iron ore Fe 62% fines fell sharply by $10.75/t to $206.55/t, CFR China, on 21 Jun’21. Steel market sentiments weakened after Beijing launched a probe into the spot iron ore market to check speculative trading as commodity prices continued to remain high despite repeated warnings issued by the government. Thin trading…