Tag: CFR China iron ore

Iron ore fines (Fe 61%) spot prices rose by $1.2/dmt to $110.0/dmt d-o-d CFR China on 17 Mar d-o-d. Chinese steel futures rose d-o-d on better downstream demand and improved mill output outlook, supporting sentiment. However, seaborne activity stayed muted as major miner talks delayed buying, limiting spot deals. Import losses and high portside stocks…