Tag: China iron ore price drop
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China: Spot iron ore prices fall to 1-year low on weak buying
China’s iron ore spot prices continued to drop on 13 Oct’22 on tight seaborne liquidity. Benchmark Fe 62% fines prices fell by $2.30/t d-o-d to $94.20/t CFR China, the lowest in a year. Seaborne demand fell with only a few enquiries heard. Even as steel data is indicating a positive outlook for the iron ore…