Iron ore (Fe 62%) fines spot prices rose by $0.6/t d-o-d to $120.60/t CFR China on 22 Feb’24 amid improved buying interest in the seaborne market. However, lukewarm steel demand from end user could still limit the potential gains for raw materials. The buying interest lifted in the secondary market with low bids. However, if sellers choose to unload their shipments at such offers.
