Prices of iron ore fines (Fe 62%) increased by $1.05/t d-o-d to $107.65/t CFR China on 14 Jun’24. The surge in prices continued due to positive macroeconomic news which signals a possible rise in demand in the near term. The increase in pig iron production and higher utilisation rate of the BF-based mills kept iron ore demand and prices supported, BigMint notes.
