Author: Lalita

The spot price for iron ore Fe 62% fines reversed down by $8.30/t (d-o-d) to $215.45/t, CFR China, on 19 May’21, as the continuous fall in Chinese steel prices have put mill margins under pressure. End-users were reluctant to procure either from the seaborne or portside markets due to shrinking margins. However, port stocks for…