Author: Lalita
-
Iron ore spot price rises on talks of easing curbs in Tangshan
The spot price of benchmark Fe 62% iron ore fines rose by $9.2/t day-on-day to settle at $198.75/t, CFR China, on 31 May’21. Market sentiments turned positive amid talks of potential easing of production curbs in China’s top steelmaking city, Tangshan. Also, a strong ferrous futures market supported the spot price. The most-traded Sep’21 iron…