Iron ore fines (Fe 62%) spot prices increased by $3.25/t d-o-d to $98.55/t CFR China on 10 Jul’25. The price increase was driven by favourable macroeconomic indicators and stable liquidity in the seaborne market. The paper market showed strong momentum, marked by active trading and healthy liquidity. However, with raw material costs continuing to climb up, mills’ margins are expected to be thinning.
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