Author: Nidhi Awasthi
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China: Spot iron ore prices remain stable d-o-d ahead of Qing Ming holiday
Iron ore (Fe 62%) fines spot prices remained stable d-o-d at $102.25/t CFR China on 2 Apr’24 amid increase in restocking activities and usage of high-low blend fines. As per report, the steel enquiries increased on improved demand amid slight recovered market confidence. Although forecasts for iron ore consumption remained unfavourable due to the upcoming…