Iron ore fines (Fe 62%) spot prices declined by $1/t d-o-d to $93.15/t CFR China on 1 Jul’25. The decline was driven by reports of possible production curbs under tightened environmental norms. Lower sintering and pig iron output, along with production cuts in key hubs, weighed on sentiment. Moreover, subdued seaborne activity pointed to a prevailing bearish outlook.
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