Author: Nidhi Awasthi

China’s iron ore fines (Fe 62%) spot prices increased by $3.10/t d-o-d to $99.90/t CFR on 18 Nov’24. Prices strengthened in the fresh trading week due to demand for seaborne medium-grade fines and positive macroeconomic sentiment. Steel mills remained cautious, prioritising readily available portside stocks rather than purchasing from the seaborne market, keeping inventory levels…