Iron ore fines (Fe 62%) spot prices inched up by $0.45/t d-o-d to $96.1/t CFR China on 6 Jun’25. The slight gain was attributed to improved market liquidity and declining inventories. Production curbs are not anticipated in the near term, amid ample supply. Port procurement is being prioritised by mills, as healthy profit margins allow cost-effective sourcing strategies to be maintained.
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