The spot price of iron ore in China slipped on 19 Sep’22 amid already low steel margins. Benchmark Fe 62% fines prices inched down by $0.75/t to $97.70/t CFR China. Trading activity in the seaborne market increased yesterday, with a number of primary market deals concluding the session. However, market sentiment is pessimistic, and weak downstream steel demand has dragged down iron ore demand even further.
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