Spot price for iron ore Fe 62% fines yesterday edged higher by $1.25 d-o-d to $155.75/t CFR China on the back of firm steel production expected in the near-term in China. Delayed winter season is supporting steel production and thus, iron ore demand, a source said. DCE iron ore futures’ most traded May contract increased by RMB 28 d-o-d in choppy trade while SGX iron ore futures remained range-bound in yesterday’s trade.
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