Spot iron ore Fe 62% fines price remained almost stable at $173/t CFR China as buyers turned cautious due to policy uncertainties. While the Tangshan curbs were firmly in place, some sources speculated a possible loosening of curbs in the medium term, as the rising cost pressure caused by the high steel prices to the downstream steel users has caught the attention of the central government. Iron ore futures market yesterday remained strong with DCE’s most-active Sep iron ore contract rising by RMB 35/t.
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