Iron ore fines (Fe 62%) spot prices rose by $1.55/t d-o-d to $102.8/t CFR China on 14 May’25. The iron ore market gained momentum as downstream steel fundamentals improved, but sluggish trading was observed in the seaborne segment. Favourable macroeconomic conditions eased earlier pressures, and positive tariff news boosted market expectations and downstream sentiment, creating optimism for iron ore prices.
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