Spot prices of iron ore in China continued to weigh down by falling steel prices amid weak demand. Benchmark Fe 62% fines prices moved down by $5.3/t to $82.5/t CFR China on 27 Oct’22. Seaborne demand was subdued, particularly in the secondary market, as participants chose to take a wait-and-watch position. Meanwhile, portside activity was slow as prices fell throughout the day.
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