Author: Nidhi Awasthi
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China: Iron ore spot prices rise $1/t d-o-d following release of latest economic data
Iron ore fines (Fe 62%) spot prices increased by $1.40/t d-o-d to $101.15/t CFR China on 18 Oct’24. Iron ore prices have increased as hot metal production has edged up this week and there has been an uptick in rebar production volumes and downstream demand. China’s Q3CY’24 GDP growth of 4.6% y-o-y has boosted confidence…