Iron ore fines (Fe 62%) spot prices inched down by $0.10/t to $101.85/t CFR China on 12 Mar’25 as fresh trading activities balanced out downward pressure from recovering Australian supplies and lower raw material costs. Despite marginal declines, market fundamentals were firm, with mills showing interest in medium-grade fines. Supply concerns and uncertainties around US tariffs kept prices from significant fluctuations, ensuring market stability.
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