Tag: China spot iron ore prices
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China: Spot Iron Ore Prices Increase Amid Rising Steel Margins
Iron ore price for Fe 62% fines have been increasing since last week. Benchmark iron ore fines (Fe 62%) index was assessed at USD 65.70/MT CFR, China as on 11th June’18 up by 3% against USD 63.85/MT at the beginning of previous week, rising USD 1.85/MT W-o-W basis. The beneficial steel margins and declining steel…