Iron ore spot prices in China improved d-o-d on 18 Nov’22 as resumption of production at mills boosted market confidence. Benchmark Fe 62% fines prices edged higher by $0.75/t to $99.10/t CFR. Several traders said that there was buying interest for seaborne cargoes but bids were limited. According to several market sources, the government is encouraging steel mills in South China to restart production.
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