Author: Nidhi Awasthi

Iron ore fines (Fe 62%) spot prices fell by $1.20/t to $90.25/t CFR China on 10 Sep’24 amid ongoing weak demand fundamentals and lacklustre steel production recovery. Demand for lower-grade fines remains strong as steel mills, struggling with profitability, are opting for more affordable options. Similar waves of bearishness were felt in Chinese port stock…