The spot price of iron ore Fe 62% fines moved up by $3.5/t to $217/t, CFR China, on 10 Jun’21 on news of the possibility of further steel output curbs in China. According to market sources, the implementation of more production curbs could tighten steel supply and lift steel margins. The Chinese steel futures market on 10 Jun remained bullish, supporting iron ore futures on the DCE.
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