Friday, July 01,
Spot iron ore prices remain unchanged from past few days. Indian exporters sold Fe 62/61 at $162/MT on CNF China basis.
Shanghai rebar steel futures dropped half a percent on Friday, after hitting two-week highs in the previous session, as slower manufacturing output in China blurred the outlook for steel demand.
According to traders based in China, “Activities in the physical market have thinned down. Prices are likely to fall further in the July-September quarter as weaker steel prices might continue to curb the demand for iron ore”
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