Spot iron ore Fe 62% fines prices edged higher by $1.7 d-o-d to settle at $117.95/t CFR China, on the back of fresh transactions. Lower steel inventories boost sentiment for iron ore, as per market sources. Yesterday, DCE iron ore futures rose by as much as RMB 15 and in SGX by $1.77, as per SteelMint’s daily assessment.
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