Iron ore fines (Fe 61%) spot prices remained largely stable edging down by $0.1/dmt to $109.45/dmt CFR China on 23 Mar against 20 Mar. The market maintained a cautious, wait-and-watch approach, with limited procurement. Portside prices stayed range-bound, though inquiries improved amid higher pig iron output. However, rising Middle East tensions and elevated freight costs continued to hamper buying.
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