Author: Nidhi Awasthi
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China: Iron ore spot prices rise by $2/t d-o-d amid improved restocking activity
Iron ore fines (Fe 62%) spot prices increased by $2.05/t d-o-d to $92.30/t CFR China on 11 Sep’24, following an improvement in restocking activity ahead of the upcoming Mid-Autumn Festival and National Day holidays. As per reports, the price surge was primarily due to increased steel sales and a slight rise in apparent consumption compared…