Author: Nidhi Awasthi
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China: Iron ore spot prices drop further by $1/t d-o-d
Iron ore fines (Fe 62%) spot prices fell by $1.15/t d-o-d to $100.90/t CFR China on 20 Dec’24 amid slow trading activity and unfavourable market fundamentals. A decline in daily hot metal production, coupled with steel mills facing losses, has dampened demand. Most mainstream iron ore grades are currently lacking sufficient landing margins, making it…