Author: Nidhi Awasthi

Spot prices of iron ore fines in China fell by $3.20/t d-o-d to $113.65/t on 23 Apr’24, due to the sluggish global macroeconomic situation, including lower oil and base metal prices. Flooding in South China led to lower steel demand, causing iron ore to soften. Seaborne shipments demand declined as restocking finished for end-May arrival…