Iron ore fines (Fe 62%) spot prices increased by $1.45/dmt d-o-d to $103.9/dmt CFR China on 28 Aug’25. Prices rose on better economic signals and stronger futures. Confidence improved after China talked of upgrading its steel sector in 2025-26, but trading stayed slow. Steel mills continued to show interest in high- and low-grade blending, amid consistent margins and stronger premiums for high-grade materials.
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