Iron ore fines (Fe 62%) spot prices fell by $1.20/t to $90.25/t CFR China on 10 Sep’24 amid ongoing weak demand fundamentals and lacklustre steel production recovery. Demand for lower-grade fines remains strong as steel mills, struggling with profitability, are opting for more affordable options. Similar waves of bearishness were felt in Chinese port stock markets, with the focal point being margins.
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