Author: Nidhi Awasthi

Iron ore fines (Fe 62%) spot prices fell by $2.45/t d-o-d to $102.65/t CFR China on 24 Jun’24, driven by weak buying interest and low demand. Steel mills are primarily purchasing on a need-basis as finished steel demand shifts to off-peak periods. Mills are increasingly procuring from the seaborne market and selling existing port cargoes…