Iron ore fines (Fe 62%) spot prices dropped by $1.25/t to $99.20/t CFR China on 25 Apr’25 following weak trading, as the market reacted to the lack of supportive measures from the recent Politburo meeting. While sources pointed to a notable rise in molten iron production and decent profit margins of mills, the lack of effective economic stimulus measures from yesterday’s Politburo meeting pressured prices.
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