The spot price of iron ore in China remained largely stable on 31 May’22 after reports of anticipated steel production cuts in Shandong. Benchmark Fe 62% fines prices inched down by $0.10/t to $136.50/t CFR China. Prices fell amid market reports of Shandong releasing a crude steel output regulation plan for 2022, mandating a 10% reduction in crude steel output.
Leave a Reply