Author: Lalita
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Waning steel margins weigh on iron ore spot price
Iron ore spot prices continue to weaken as declining steel prices are putting pressure on margins. The price for Fe 62% fines dropped $11.85/t to $188.25/t, CFR China, on 24 May’21. Market activity was lacklustre as offer levels were heard higher than what most buyers were willing to pay. On the other hand, the iron…