Iron ore fines (Fe 62%) spot prices inched down by $0.6/t d-o-d to $95.7/t CFR China on 4 Jul’25. The downtrend came as mills limited hot metal production, leading to subdued procurement in yesterday’s trading session. Portside market sentiment saw a mild cool-off, though medium-grade ore recorded a slight improvement. Reports suggested that buyers continued to buy on a need-only basis, reflecting cautious market behaviour.
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