Iron ore fines (Fe 62%) spot prices increased by $0.9/dmt d-o-d to $103.6/dmt CFR China on 3 Sep’25. The price rise came despite thin trading in medium-grade fines, as demand for Oct’25 cargoes is expected to strengthen soon. Rising prices made steel mills cautious, with iron ore traders receiving fewer inquiries for spot cargoes, with some still purchasing only as needed.
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