Spot iron ore prices dip on weaker demand

Spot price for iron ore Fe 62% fines yesterday inched lower by $1.35 d-o-d to settle at $168.9/t CFR China. Sentiment for iron ore demand was weak as several steel mills in Hebei province were heard bringing forward blast furnaces maintenance due to the COVID-19 pandemic in the region.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *