Tag: billet and HRC prices China
-
China: Iron ore spot prices decline as market slows down
Weak steel sector sentiment pressures iron ore Mid-grade fines trading activity continues Iron ore fines (Fe 61%) spot prices fell by $1.45/dmt d-o-d to $105.8/dmt CFR China on 21 May against $107.25/dmt on 20 May 2026. The downturn was primarily driven by persistent pressure in the steel sector. China’s ferrous segment weakened further as optimism…