Author: Lalita
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Benchmark iron ore price rebounds as spot trade continues
The spot price of iron ore rebounded on 8 Jun’21 as trading continued in the spot market. The price of Fe 62% iron ore fines jumped by $7.55 to 210.40/t, CFR China. Few offers were seen in the secondary market as trade participants remained cautious due to weakness in Chinese steel prices. Also, lower steel…