Iron ore fines (Fe 62%) spot prices inched down by $0.8/t d-o-d to $94.95/t CFR China on 12 Jun’25. Prices are under pressure due to higher supplies of medium-grade fines from Australia and Brazil and weak demand, as the market awaits clearer macroeconomic guidance. Following the US-China negotiations, caution remains as the market looks for direction from the Chinese government.
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