Category: Fines/Lumps
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China: Spot iron ore prices rise d-o-d as steel demand outlook improves
Expectations of improved steel demand support market Weak finished steel prices keep mills cautious about iron ore procurement Iron ore fines (Fe 61%) spot prices increased by $1.10/dmt d-o-d to $98.15/dmt CFR North China on 26 August 2026, supported by expectations of stronger steel demand in September and October. Steel demand is expected to improve…