Author: Nidhi Awasthi

China’s iron ore fines (Fe 62%) spot prices inched up by $0.40/t d-o-d to $97.50/t CFR on 9 Jan’25. Prices remained firm due to decent demand for medium-grade fines, despite ample port stocks. Spot liquidity was steady, bolstered by secondary market trades. Mills’ restocking and expected increases in steel production after the Lunar New Year…