Iron ore fines (Fe 62%) spot prices edged down by $0.80/dmt to $104/dmt CFR China on 23 Jul’25. The recent dip was a modest pullback after gains driven by a strong macroeconomic rally. Reports indicate reduced trading interest and thinner liquidity at key ports. Although China’s hydropower project in Tibet could boost the steel sector, the spot property market remains lukewarm.
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