Spot iron ore prices remained range-bound on stable supply demand fundamentals. Spot price for iron ore fines Fe 62% stood at $173.6/t CFR China. Following the slump in rebar margins, hot rolled coil margins in China also came under pressure recently due to rising raw material cost, according to sources. More mills were heard to have decided to carry out maintenance. As a result, overall demand for iron ore is expected to weaken.
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