Author: Lalita
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Iron ore spot price drops on subdued trade
The spot price of iron ore Fe 62% fines went down by $2.85/t d-o-d on 4 Jun’21 to $208.35/t, CFR China, on subdued trading activity in the spot market as steel margins deteriorated. Buyers turned cautious ahead of the rainy season. Market sources expect steel demand in China to face downward pressure due to bad…