Tag: China iron ore prices
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China: Spot iron ore prices rise by $1/t d-o-d on improve buying interest
Iron ore (Fe 62%) fines spot prices increased by $1.3/t d-o-d to $119/t CFR China on 7 Mar’24 as few trading activities were recorded due to a slight uptick in the demand for finished steel goods. Steel mill production margins have slightly improved, which shifted mills’ focus to buying medium and high-grade iron ore cargoes.…