Iron ore fines (Fe 62%) spot prices dipped by $1.75/t d-o-d to $103.30/t CFR China on 17 Mar’25 due to weak macroeconomic indicators and sluggish market fundamentals. Seaborne cargo prices declined, as hot metal production failed to meet seasonal demand expectations. Although most steel mills remain profitable, a substantial increase in production appears unlikely, adding to market uncertainty.
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