Iron ore fines (Fe 62%) spot prices surged by $0.95/t d-o-d to $99.1/dmt CFR China on 16 Jul’25. Prices increased due to rising market liquidity and trade volumes. Strong iron ore fundamentals and expectations for higher hot metal production supported steady steel mill margins and increasing demand for high-grade products. Supportive macroeconomic policies and rising coke prices boosted sentiment in the ferrous sector.
Leave a Reply