Iron ore fines (Fe 62%) prices inched up by $0.65/dmt to $107.15/dmt CFR China on 28 Oct as buying activity picked up slightly in the secondary market. The modest rise signals a brief recovery in sentiment, though fundamentals remain weak. As per reports, prices are expected to stay under pressure, with limited scope for sustained gains as demand concerns and supply adjustments continue to weigh on overall outlook.
Leave a Reply