China: Iron ore spot prices drop $1/t d-o-d following cautious buying interest

Iron ore fines (Fe 62%) spot prices decreased marginally by $0.60/t to $102.55/t CFR China on 25 Mar’25, as cautious sentiment slowed down buying activity, with the market closely monitoring production cut news. Steel mills are analysing the impact of the production cut on prices. Iron ore prices also dropped at Chinese ports, though some medium-grade fines were procured.