Spot prices of benchmark iron ore Fe 62% fines decreased by $2.35/t d-o-d to $121.7/t CFR China on 7 Feb’23. According to some market sources, the drop in iron ore prices was due to a drop in steel sales following the 15th day of the Lunar New Year, and a rebound in steel demand will take some time to lead back to the iron ore market.
Leave a Reply