Tag: Australian iron ore brands
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China: Iron ore spot prices hold steady d-o-d
Iron ore fines (Fe 62%) spot prices remained unchanged at $105.2/dmt CFR China on 15 Dec. Market sentiment remained subdued amid weak demand and thin participation. With steel mill margins still under pressure, an oversupply of higher-silica mid-grade cargoes, especially from Australian brands has shifted preference toward low-alumina Brazilian material. Discounted Brazilian cargoes appeared more…